Bluehill Foundation Launches $30 Million Special Fund: Focusing On the IOST DApp Ecosystem
IOST is building a high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy. Led by a team of proven founders and backed by world-class investors, our mission is to be the underlying architecture for the future of online services.
Today, Bluehill, a blockchain incubator and accelerator announced the establishment of its special fund “Pioneer” with a total value of $30 million. Bluehill’s Pioneer fund will help to finance DApp developers and incubate exciting DApp projects which focus on building for the IOST’s DApp ecosystem.
Missions of the Pioneer Special Fund:
- Discover and support DApp developers worldwide
- Offer strong support on technological development of DApp developers and operations of their teams
- Incubate and accelerate high-quality DApp projects.
Bluehill will support to accelerate development of DApp projects through technological support and resources offered by IOST. These DApps will help diversify and grow IOST’s ecosystem following on from Mainnet launch.
The Growth of Bluehill Foundation
The Bluehill Foundation was established in June 2018 and has experienced rapid growth ever since. Currently the team comprises 50 team members worldwide, distributed in offices in China, South Korea, USA and Singapore.
As an important step for IOST, Bluehill’s fund is principally used for financing IOST’s partners, incubation of DApps and blockchain technology innovations. Since launch, Bluehill has successfully incubated 7 DApp projects in areas of network security, payment processing, content distribution and more. Projects include: Covalent, Lambda, Contentbox, Lambda, ContentBox, Plair, Rate3, Certik and Origo.
Bluehill’s Investment Strategy for the IOST DApp Ecosystem
In October 2018, Bluehill partnered with DApp project: Endless Game (endless.game), which became the first project investment for the Pioneer Special Fund. The total raise for the project was $7.5 million, of which $3.5 million was contributed by Bluehill. Endless Game will later be developed on IOST’s mainnet, and will also participate in IOST’s mainnet node election.
With the upcoming launch of IOST’s mainnet, developing for the IOST ecosystem will be seen as the project’s top priority. As IOST’s blockchain is opened to the public, DApps will play an important role in user acquisition and implementing functions into the blockchain. Over the coming years, Bluehill will focus on supporting other DApp projects by utilizing the pioneer Fund as well as IOST’s resources and communities to give DApp projects a market advantage.
We Welcome DApp projects to join IOST’s Ecosystem
We sincerely welcome all DApp developers to join in the DApp development for IOST’s mainnet. We believe innovative and exciting DApps from a wide range of developers are a crucial component of the IOST ecosystem and an essential part of the success of IOST’s mainnet.
Join IOST’s Developer Slack Group: invite.iost.io