Peter Thiel Invests in a New ‘Proactive’ Cryptocurrency Investment Platform
HomeCryptocurrency NewsBitcoinist.com

Peter Thiel Invests in a New ‘Proactive’ Cryptocurrency Investment Platform

The cryptocurrency investment and infrastructure platform Layer1 has successfully closed a $2.1 million seed funding round. Investors who t...

Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K
Bitcoin vs Ethereum: Differences, Advantages and Disadvantages – Which is Better?
Bitcoin Price Says Goodbye To $4K Again as $3K Support Could Be Next

The cryptocurrency investment and infrastructure platform Layer1 has successfully closed a $2.1 million seed funding round. Investors who took part include PayPal’s co-founder Peter Thiel and Barry Silbert’s Digital Currency Group. 


Layer1 Raises $2.1M With Help From Peter Thiel

Despite the prolonged bear market of 2018, cryptocurrency investment platform Layer1 led by Alexander Liegl has managed to successfully secure $2.1 in initial seed funding.

According to the official release, the funding round included prominent investors such as Barry Silbert’s Digital Currency Group and PayPal’s co-founder Peter Thiel. Bitcoinist recently reported that Thiel also invested in a new startup which helps large investors trade bitcoin.

Speaking on the matter was Travis Scher, VP Investments at Digital Currency Group, who noted:

We believe there is huge potential for a hands-on, mission-driven investor to take a concentrated position in a single cryptocurrency, and then dedicate talent and resources to significantly accelerate its development.

A Proactive Approach

Unlike typical crypto asset investment platforms, Layer1 takes a fairly different approach. The company takes a long-term position in certain digital assets, which bring promising technologies and network effects.

CIO of Hedge Fund BlockTower Capital Reveals 3 Biggest Cryptocurrency Investment Risks

Then, Layer1 deploys its own capital and resources with an intention of improving the fundamental value of the asset they’ve invested in and support further market adoption. Reportedly, Layer1 is currently involved with a privacy coin known as Grin and, as such, it intends to build integral technology to further its growth.

Notes Alexander Liegl, co-founder at Layer1:

We believe that the crypto investment company of the future will look radically different to the status quo, with a clear focus on an engineering-first and pro-activist investment approach. […] Cryptocurrencies, as open-source protocols, offer the unprecedented opportunity for companies like Layer1 to meaningfully add value. This is fundamentally different from the possibilities available in traditional asset classes.

What do you think of the crypto asset investment platform Layer1? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

The post Peter Thiel Invests in a New ‘Proactive’ Cryptocurrency Investment Platform appeared first on Bitcoinist.com.



from Bitcoinist.com https://ift.tt/2EIxxvs
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Peter Thiel Invests in a New ‘Proactive’ Cryptocurrency Investment Platform
Peter Thiel Invests in a New ‘Proactive’ Cryptocurrency Investment Platform
https://bitcoinist.com/wp-content/uploads/2018/03/business-insider-peter-thiel-300x188.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/12/peter-thiel-invests-in-new-proactive.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/12/peter-thiel-invests-in-new-proactive.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy