TMT Blockchain Fund partners with Waves, riding an exciting tide in the process
TMT Blockchain Fund has announced this week that they are partnering with the Waves Platform. The partnership is with the intention of developing a major infrastructure project.
As a strong investor in the blockchain marketplace, TMT Blockchain Fund has been involved in the successful fundraising for companies like Taxify and Pipedrive. Including being responsible for the development of a Billion-dollar tech unicorn in Eastern Europe.
TMT's funding will support ICOs and various existing projects, which are ongoing on the Waves Platform. TMT's founder, Artyom Inyutin, is excited about the potential that this partnership entails.
“Our mission is to bring the most successful venture investment technologies to a new generation of projects. We are inspired by our partnership with Waves, and believe that the incubator is an excellent opportunity for start-up projects to gain competent advice and unique experience”.
The Waves platform was established in 2016 serving as a public blockchain platform. Its eyes are on widening the scope for users to gain access to blockchain. Including offering easy-to-use highly functional tools to make this technology accessible.
Sasha Ivanov, founder and CEO of Waves has expressed a great deal of optimism towards this partnership with TMT.
“There are a great many advantages in Waves' collaboration with TMT Blockchain Fund. Their team has great experience, building a $1b+ tech company and a top global VC fund. We appreciate their deep analytics – the fund invests on the basis of deep business and tech trend analytics and they are fully transparent and reliable, via blockchain reporting and diversification in their investments.
What's also important is that the TMT token will be a security, fully compliant with US and European laws and regulations. For Waves, security tokens support is a new milestone, we're offering a fully compliant solution for equity tokens issuance and trading. Finally, the TMT token will provide investors with a position in both equity and tokens of portfolio companies for immediate liquidity and returns.”
The partnership involves the monetary support of TMT to the tune of over $60 million. With a great deal being invested in firms that have a focus on blockchain and cryptocurrencies.
$15 Million will also be collected through a token crowdsale, with $45 million being collected from conventional fiat currencies and crypto and a total of 18.75 million tokens being involved in the crowdsale.