Komodo partners with Beijing-based venture capital fund

Komodo, a blockchain technology group and pioneer of the innovative atomic swap technology, is entering a strategic partnership agreement with ValueNet Capital, a blockchain asset venture capital fund based in Beijing. The agreement is focused on decentralized initial coin offerings (dICOs).

The Komodo Platform is one of the world’s first platforms to allow entrepreneurs and business owners to launch completely independent blockchains. Business leaders who launch an independent blockchain on the Komodo Platform may subsequently sell their blockchain’s coins to the public via a dICO.

While ValueNet will provide risk assessment and strategic consulting, Komodo Platform will apply its technical expertise to ensure all dICOs are launched securely and successfully. The partnership agreement is announced as Komodo Platform prepares to launch a dICO with BlocNATION, a company that provides cashless payments systems for festivals, entertainment venues, and other large events in Southeast Asia. The BlocNATION dICO will take place on April 17, 2018.

“ValueNet Capital was an obvious choice of partner for Komodo,” said Ben Fairbank, Komodo Platform’s General Manager. “It is heavily invested in some of the top blockchain projects and boasts one of the most passionate teams not only in Asia but in the whole blockchain industry. Its impeccable record for identifying top projects made them a standout and we believe this partnership is good for both projects. We look forward to the opportunity to expand our footprint in the Asian region in cooperation with ValueNet Capital.”

ValueNet Capital is a venture capital fund that invests exclusively in cryptocurrency and blockchain projects. Although it is headquartered in Beijing, China, ValueNet Capital has a team of analysts and financial advisers throughout the globe. Its portfolio includes major projects such as OmiseGo, Binance, PowerLedger, WAX, CoinPoker, PlayKey, RobotCache, and Celsius Network.

The strategic partnership agreement between Komodo Platform and ValueNet Capital began on March 23, 2018, and is effective until both parties consent to termination of the agreement.