Yes Folks, Another Digital Currency Development Project Launches

Bitcoin infrastructure provider Bitfury has announced the launch of seed investment fund Bitfury Capital to help accelerate the development of the bitcoin ecosystem through strategic partnerships.

“We are a trusted partner to our customers, and other contributors to the cryptocurrency ecosystem,” Valery Vavilov, BitFury Group chief executive officer said  in a released statement. “Our leadership position in cryptocurrency and Bitcoin infrastructure will help accelerate and help grow the significance of other parts in the ecosystem – which in return grows the value of our own core business, and enables us to expand into new opportunities within the industry.”

The new fund will be a subsidiary of the BitFury Group and will focus mainly on seeding early state funding for digital currency start-ups in conjunction with external partners. The fund may also be able to participate in later state ventures as desired by drawing in funds from the BitFury Group.

Apart from raw funding, the company also brings strategic insight and established connections to help accelerate start-ups through their early phases.

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