It seems to be only a matter of time until a VC mind shift is taking place in the world of digital currency. Whereas most of these individuals and firms have been looking at bitcoin startups in the past, they moved to blockchain companies about a year ago. But that trend seems to be changing yet again, as there is a larger focus on Ethereum startups right now.
Also read: Dutch Central Bank Examines Blockchains and May Launch Own Digital Currency VC Funding in Bitcoin, Blockchain, and Ethereum
All three of these particular segments hold a lot of promise for the future, which has not gone by unnoticed by VCs. Not that anyone is losing confidence in Bitcoin itself, mind you, but the blockchain has far broader use cases than just the financial side of things. Ethereum is showing how blockchain technology can be used to create autonomous corporations, and smart contracts are an integral part of the future for both digital currencies on their respective blockchains.
With all of the VC funding flowing into Bitcoin and blockchain startups during 2015, exciting projects will start to come to fruition later this year. Or that seems to be the general hope at last, as VCs are not the most patient bunch when it comes to projects still under development. Even though it takes time to do things right, the return on investment timespan has to be kept as short as possible.
It should come as no surprise to find out a lot of VCs are keeping a close eye on Ethereum, as this project has been focusing on using the blockchain for non-financial purposes. Evolution in the world of blockchain means VCs have to diversify their portfolios and adapt their strategies. Moreover, there is a growing list of proof-of-concepts being […]
