ENF signs cooperation with Busan, South Korea, to establish the Busan Blockchain Venture Capital Alliance (VCABB)

2022-10-28 17:17:24

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According to ChainCatcher news, the Busan city government has partnered with the EOS Network Foundation, AlphaNonce, CoinNess, Foresight Ventures, OKX Blockdream Ventures, and Ragnar Capital Management to establish a collaboration and sign a Memorandum of Understanding (MoU) to create the Busan Blockchain Venture Capital Alliance (VCABB). The alliance jointly holds and manages $700 million in assets. According to the agreement, VCABB will invest $100 million in blockchain-related companies over the next three years to promote the continuous positive development of Busan's blockchain ecosystem as South Korea's second-largest city. In the future, VCABB will also support Busan's plans to establish educational centers and accelerator programs for blockchain startups to further drive local blockchain development.

Regarding this collaboration, Yves La Rose, founder and CEO of the EOS Network Foundation, stated: "This collaboration will not only help accelerate the application of blockchain globally but will also help propel EOS and its technology to a leading position at the forefront." (Source link)

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