Crypto Investment Platform secures seed funding from Peter Thiel, Digital Currency Group


Venture capitalists and PayPal co-founder Peter Thiel invested in the Layer1 cryptocurrency investment platform, according to a press release published on December 19.

Layer1, based in San Francisco, has completed a $ 2.1 million loan round supported by industry players such as Thiel, a venture capital company focused on cryptography Digital Currency Group and Jeffrey Tarrant, founder of US investors and Protégé Partners , among others.

The company, according to reports, intends to direct the funds raised for the further development of programmable money and value deposit applications. Layer1 co-founder Alexander Liegl, cryptocurrency offers "an unprecedented opportunity" for companies to add value, which is "fundamentally different" from the possibilities offered by traditional resources.

Earlier this week, Cointelegraph reported on the launch of Tagomi Holdings Inc., an electronic brokerage startup backed by Thiel's Founders Fund. Reportedly, Tagomi intends to alleviate the operational challenges associated with trading digital assets. The company is aimed at customers who "require institutional operational standards".

In July, developer EOS secured the investments of Peter Thiel and billionaire mining hardware from Bitmain's cryptocurrency Jihan Wu. is the creator of EOSIO software, a blockchain protocol that aims to support decentralized apps (DApp) on an industrial scale.

Also in July, the Wall Street Journal reported that the Founders Fund invested "millions of dollars" in Bitcoin (BTC), citing sources familiar with the matter. The company presumably bought between $ 15 and $ 20 million of BTC.

Earlier this week, the global blockchain platform Waves raised $ 120 million in a round of private funding for its new blockchain project called Vostok, which focuses on implementing Waves technologies for commercial and government IT systems. The round of private financing was conducted by the financial services company Dolfin, based in London.

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