Radix Plans $37M Endowment Fund, Fetch.ai Starts San Francisco Innovation Lab
Legion, a merit-based ICO platform, has raised $2 million from various backers including Cyber Fund, AllianceDAO, and others. The platform aims to become MiCA compliant and offer investment opportunities to non-accredited investors. By ranking investors based on merit rather than net-wealth, Legion believes that teams can create better communities and discourage short-term holders. The platform’s backers include well-known figures in the crypto space such as Mike Dudas, Alex Svanevik, and Peter Smith. Legion has come out of stealth mode and is positioning itself as a platform focused on quality and inclusivity in the world of ICOs.
Radix Plans $37M Endowment Fund, Fetch.ai Starts San Francisco Innovation Lab
In a massive move to boost their growth and innovation capabilities, two prominent blockchain companies, Radix and Fetch.ai, have recently announced major developments that are set to reshape the landscape of the digital economy.
Radix, a leading blockchain platform that aims to make decentralized finance more mainstream, revealed their plans to establish a $37 million endowment fund that will support research and development in the blockchain space. The endowment fund will be used to finance projects that are aimed at advancing the adoption and utility of decentralized finance solutions, as well as supporting the growth of the Radix platform.
The fund, which will be managed by a team of experts in the blockchain and financial industry, is set to provide a much-needed boost to the development of blockchain technology. With the growing popularity of decentralized finance and the increasing demand for more efficient and secure financial services, Radix’s endowment fund is poised to play a crucial role in shaping the future of the digital economy.
Commenting on the announcement, Piers Ridyard, CEO of Radix, said, “We are thrilled to launch this endowment fund, which will enable us to invest in cutting-edge projects that have the potential to revolutionize the financial industry. We believe that blockchain technology has the power to transform the way we transact and interact with money, and we are committed to supporting the growth and innovation of this exciting industry.”
Meanwhile, Fetch.ai, a decentralized artificial intelligence platform that leverages blockchain technology to create intelligent, self-learning agents, has also made a significant move to strengthen its presence in the digital economy. The company announced the launch of its San Francisco Innovation Lab, which will serve as a hub for research and development in the field of artificial intelligence and blockchain technology.
The Innovation Lab will bring together experts in artificial intelligence, blockchain technology, and other cutting-edge fields to collaborate on innovative projects that have the potential to revolutionize various industries. The Lab will focus on developing new applications and use cases for Fetch.ai’s technology, as well as exploring new ways to integrate artificial intelligence into decentralized systems.
Huma Abidi, CTO of Fetch.ai, expressed her excitement about the launch of the Innovation Lab, stating, “We are thrilled to establish our Innovation Lab in San Francisco, which is a hub for innovation and technology. The Lab will enable us to collaborate with some of the brightest minds in the industry and drive forward our mission to create intelligent, autonomous systems that can transform the digital economy.”
The establishment of Radix’s endowment fund and Fetch.ai’s Innovation Lab comes at a time when blockchain technology and artificial intelligence are gaining traction in various industries. With the potential to revolutionize the way we transact, communicate, and interact with data, these technologies are poised to drive significant change and disruption in the digital economy.
Industry experts have lauded the moves made by Radix and Fetch.ai, highlighting the potential impact that these developments could have on the future of the blockchain and artificial intelligence industries. With increased investment in research and development, as well as the establishment of dedicated innovation hubs, these companies are well-positioned to drive innovation and shape the digital economy for years to come.
As the digital economy continues to evolve and expand, it is clear that blockchain technology and artificial intelligence will play a pivotal role in shaping the future of finance, commerce, and technology. With companies like Radix and Fetch.ai leading the charge, the possibilities for innovation and growth in these industries are endless.
I don’t own the rights to this content & no infringement intended, CREDIT: The Original Source: www.coindesk.com
