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Boost VC is aiming for more direct funding of “stable coins” and is looking for new investment candidates.
Cryptocurrency and Blockchain incubator Boost VC has announced it is to invest directly into tokens in the future.
In a blog post on Monday, co-founder Brayton Williams said that in light of the success of the startup’s investment in Blockchain platform Aragon, it is now looking for new targets to foster.
Aragon, an Ethereum-based decentralized corporate management platform, is due to begin the ICO for its ANT token on Wednesday.
“Although the excitement around tokens and cryptocurrencies is at an all time high, we know this is going to take time,” Williams wrote.
“We are in it for the long haul and feel privileged to be able to continue supporting the best entrepreneurs and developers in blockchain.”
The reshaping calls for prospective startups to join Boost in order to build out the project in the increasingly fervent altcoin project investment market.
Among what Williams describes as Boost’s “special interests” are contributions to the decentralized Internet, something written about by Fred Ehrsam of Coinbase, which received early funding from Williams’ fellow co-founder Adam Draper.
Also desirable are tools for running DAOs and “stable coins” along with governance models, all of which have attracted their share of (mostly Ethereum-based) startup projects over the past year.
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