Bluehill Blockchain Incubator’s Special ‘Pioneer’ Fund Secures $30 Million For Boosting IOST dApps
Bluehill Foundation To Raise $30 Million ‘Pioneer' Funding For Developing IOST's App Ecosystem
Bluehill, the global blockchain venture community, has today announced the launch of a special funding a bid to develop the IOST DApp ecosystem. The fund dubbed “Pioneer” will have a total value of at $30 million and will be Bluehill's effort to help finance DApp developers and accelerate the innovative DApp projects on the IOST ecosystem.
IOST, or Internet of Service Token, is Bluehill's enterprise-level blockchain platform focused on mass adoption of blockchain technology through Blockchain-As-A-Service. The IOST system is currently on-course to build a high TPS (transaction per second) blockchain ecosystem that meets the security and scalability necessary for a decentralized economy. The IOST product is a result of combined efforts from a team of proven founders, investors and developers whose mission is to build the underlying architecture that embraces the future of online services.
Why The ‘Pioneer' Fund
According to the press release, Bluehill intends to build up support for the development of DApp projects through technological resources provides by the IOST platform. The decentralized applications will ensure diversification and growth of the IOST ecosystem from the Mainnet launch.
Additionally, Bluehill hopes the Pioneer Special Fund would aid in discovering, mentoring and supporting DApp developers from across the world. The step will focus on providing substantial support to the technological and knowledge development of the DApp developers plus the operations of their support teams.
Overall, the mission of the Pioneer Special Fund remains to incubate and accelerate high-quality DApp projects for real-world use. Setting up the ecosystem and contributing to the technologic solutions, are just some of the ways Bluehill expects the fund to establish a stable environment for DApp developers and value for investors.
Already Ahead Of Schedule
Perhaps it is worth noting that the Bluehill Foundation has managed to build quite a reputation since its formation in June 2018. With only a team comprising of 50 members worldwide, Bluehill is principal in financing IOST's partners, incubating DApp and other blockchain-based innovations.
Already, Bluehill has successfully incubated projects that include ContentBox, Covalent, Contentbox, Plair, Rate3, Origo, and Certik. The plans are from diverse sectors such as payment processing, network security, content distribution and more.
Also, in October 2018, Bluehill announced a partnership with Endless Game, a DApp project. The collaboration successfully raised $7.5 million for the project, with $3.5 million coming from the Bluehill foundation. Endless Game will develop on IOST's mainnet, in abid that will see it also participate in IOST's mainnet node election held later. The investment display outlines Bluehill's roadmap of opening the door to blockchain developers seeking to create exciting times for the ecosystem. Evidently, Bluehill intends to further focus on supporting other developing DApp project by utilizing its Pioneer Funds and IOST's resource and communities.
“We sincerely welcome all DApp developers to join in the DApp development for IOST's mainnet. We believe innovative and existing DApps from a wide range of developers are a crucial component of the IOST ecosystem and an essential part of the success of IOST's mainnet,” IOST Foundation.