Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

GEO Protocol Raises Seed Round From CoinFund to Accelerate Development of Its Internet of Value Technology

by Press Release
April 2, 2019
in Crypto Livewire
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

GEO Protocol, a financial technology startup, has announced an investment in its seed round by CoinFund, a premier New York-based cryptoasset investment firm. The deal, which will entail close collaboration with CoinFund, follows more than three years of aggressive self-funded development of the project’s own technology and validates the team’s efforts and product thesis.

GEO is an open source overlay protocol that enables the creation and interoperability of value transfer networks in a lightweight, cost-efficient, and scalable way, merging the worlds of blockchain and traditional finance. Simply put, GEO Protocol empowers the creation of a universal ecosystem for value transfer, including global payments, B2C commerce, and IoT micropayments.

The project was first proposed in 2013 by GEO Protocol’s founders, Max Demyan and Dima Chizhevsky, whose initial idea came as a result of research into the fields of economics, human evolution, and the nature of money. Their investigative efforts showed that the ever-decreasing efficiency of centralized systems and the frictions of existing financial infrastructure required a brand new approach. The founders began to conceptualize their solution and develop the technology in 2015.

“We came a long way from a self-funded startup with just an idea to a company with a product, recognized and supported by a prominent investment firm regarded for its rigorous understanding of low-level technology and cryptoeconomic systems. CoinFund’s investment will allow us to complete the development of the initial components of the technology and bring to life potential use cases that will accelerate the growth of the network,” said Max Demyan, co-founder and CEO of GEO Protocol.

“It has been a pleasure to work with CoinFund over the past several months. The team’s detail-oriented approach to the investment structure, thoughtful contributions to the cryptoeconomic product design, as well as their network, were truly invaluable. Frankly, we couldn’t dream of a better partner,” said Chief Business Development Officer Dima Kovalchuk.

CoinFund co-founder Alex Bulkin noted that GEO Protocol stands at the intersection of technological and societal innovation, saying,

“We are supporting GEO because we are confident in the team’s ability to deliver a valuable technology platform that will democratize and simplify value exchange for everyone, disrupt the global payments market, and ultimately empower financial inclusion for many people worldwide. At CoinFund we look for projects that innovate deeply both in technology and in society. GEO Protocol is a perfect example of such a project, and we are excited to be the team’s lead partner.”

CoinFund is a cryptoasset-focused investment and research firm founded in 2015, based in Brooklyn, New York and backed by the partners at Venrock. Beyond early stage investing, CoinFund also directly engages with decentralized networks through their Grassfed Network initiative and contributes support to companies designing blockchain protocols and applications.

To learn more about GEO Protocol, please read CoinFund’s announcement containing a brief technical and business overview of the product.


Visit

geoprotocol.io
github.com/GEO-Protocol

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 

Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
Bitcoin
$49,071.00
$49,071.00
5.59%
Ethereum
$1,573.33
$1,573.33
8.74%
Binance Coin
$250.11
$250.11
11.94%
Polkadot
$36.25
$36.25
7.13%
Cardano
$1.22
$1.22
4.64%
XRP
$0.442079
$0.442079
4.87%

Spotlight

  • Crypto Trader Lark Davis Says Four Crypto Assets Built on Polkadot Could Skyrocket 100x
    February 23, 2021
  • Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem
    February 26, 2021
  • Analyst Who Accurately Called Bitcoin’s Biggest Crash Outlines BTC’s Potential Trajectory, Analyzes State of XRP
    February 24, 2021
  • Top Analyst Predicts XRP Is Ready To Erupt – Here’s Why He’s Not Buying In
    February 28, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.