Apple Co-founder Wozniak Backs Blockchain-Focused EQUI Global Fund October 16, 2018 October 16, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 16, 2018 by Kelly Cromley

Apple Co-founder Wozniak Backs Blockchain-Focused EQUI Global Fund

Recently launched blockchain-focused venture capital fund EQUI Global has revealed that one of its co-founder is Steve Wozniak, who was also the co-founder of Apple. In August, Wozniak had announced its intention to play a proactive role in a blockchain project. EQUI Global is a venture capital fund focused on blockchain technology, with its backend powered by blockchain.

The latest venture capital fund intends to change the concept of the traditional business by allowing non-institutional investments, as well as permitting investors to deal on external crypto exchanges via EquiTokens. The EquiTokens framework is supposedly based on the Ethereum (ETH) blockchain, which is extensively used by decentralized applications (DApps) programmers.

EQUI Global will aim at “sophisticated” investors that are centered on venture capital funds via investing in EquiToken. The framework aims to ease the trading experience by permitting the comfortable liquidation of tokens by means of cryptocurrency exchanges. The statement additionally observes that 80% of EQUI Global’s investments will be invested in technology companies, while the remaining will be invested in other sectors such as real estate and art.

As Wozniak mentioned, the company’s task is to “seek, support and fund the blockchain and tech stars of tomorrow.” Wozniak pointed out that the company has already collaborated with “over 20 businesses” that have not been established publicly.

Wozniak also stressed that his involvement in EQUI Global is “about the second time in twenty years” when he has accepted to participate in a project, while he has been getting “dozens” of business offers and plans “every single day.”

As per EQUI Global’s website, the firm was established “nearly a year ago,” while the idea of EQUI’s framework has been modified since the original launch. Initially, the founders were looking at the possibility of launching the company by raising funds through EquiToken Coin Offering.

By supporting the establishment of a blockchain and crypto technology based firm, Wozniak seems to have changed his skeptic view of the field. Wozniak had recently stated that blockchain is a “bubble” comparable to that of dotcom era. However, in June, Wozniak also expressed positive views about Bitcoin (BTC), describing it as the only “pure digital gold.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.