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Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising




    Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

    The Singaporean government-backed blockchain platform Tribe has helped increase one other $15.7 million for taking part corporations via its ecosystem.

    In a press launch shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed {that a} complete of $28 million had been raised thus far to help start-ups from around the globe trying to resolve real-world issues with blockchain expertise. 

    The first group of startups reportedly raised over $12.2 million inside three months. Managing associate of Tribe Accelerator Ng Yi Ming commented:

    “Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems. Every idea or solution shared during the Demo day has the potential to revolutionise the way the linked industry works in the present. We will continue to harbour companies with transformative innovations, that can change the face of the blockchain industry and benefit the end-user — making the technology more mainstream.”

    Major company backing

    Tribe, which helps blockchain startups of their progress stage by connecting them with main companies, was launched in December 2018 and is the brainchild of Tri5 Ventures, a enterprise capital agency aiming to help later-stage startups. 

    Since its launch, Tribe Accelerator has acquired help from authorities and company companions together with large 4 accounting big PwC, South Korean blockchain community Icon Foundation, BMW Group Asia and Intel, amongst others.

    More not too long ago, IBM, Citibank and online game big Ubisoft joined as company companions for the second version of Tribe’s four-month program. 

    Tezos companions with Tribe to launch coaching program

    On Nov. 21, Tezos’s non-profit arm Tezos Southeast Asia (TSA) introduced its collaboration with Tribe to collectively launch a coaching program for builders on the Tezos blockchain. Tezos additionally hopes to draw extra builders to create Tezos blockchain-based options for real-world purposes. President of TSA Caleb Kow mentioned on the time:

    “By enabling trainers with a good knowledge of Tezos blockchain technology, they will be able to amplify the impact in their respective teams through the continual transfer and sharing of knowledge to new learners.”

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