SOSV Announces Plans for Crypto Accelerators For DApp-Creating Purposes


Decreed global VC firm known for offering multi-stage investment, SOSV has recently revealed its plans for a cryptocurrency-backed accelerator (i.e. to accelerate crypto transactions) dubbed ‘DLab’. The firm with nearly 550 million assets under its belt also hinted the intentions behind this project seem to revolve as revolving around the need for distributed apps.

As per Trust Nodes reporting, Programmer and Co-Founder of Wefunder, Nick Plante will be taking charge. Plante himself commented on the different perspectives regarding DLab – some of which include its reason for being, why the particular industry and the interest around it.

Plante revealed that whether it be his team or himself, they prioritize ideas that are surely to “alter the way that we live in the next 100 years,” adding that the notion of decentralization and blockchain technology are surely to be positive impactors.

The Director of Technology also listed one of the firm’s interests as being “macro trends”, which aligns with “blockchain and digital ledger technologies.” In particular, he trusts that the said technology “has the potential to upend some of the most basic economic incentives that lie beneath the things we do every day.”

As for the interest within blockchain technology, Plante revealed that it involved R&D for over a year – exploring both the pros and the cons via real-life benefits and concerns that have sparked throughout most of 2018 thus far. Like many leaders and experts within the crypto sphere, Plante also considers “education, for curation, and for proper governance and incentive structures” as a must in order to make positive, “big economic shifts”.

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