STEEM Receives First Wave of Investment [Global Blockchain Technologies Investing $20M into SMTs]
$20 Million fund to invest in Startups surrounding SMTs
From the article, linked here. (First spotted via @jrcornel's post earlier this afternoon.)
Rik Willard (CEO of Global Blockchain Technologies Corp.) "We're proud to be the first publicly traded company to make a significant investment in the Steem ecosystem. No current open source and public blockchain protocol is more mature, scalable, and as rapid as Steem. We are convinced that traditional media companies from every corner will find that Steem's technology will be a better way to monetize and distribute existing content and future works."
@ned "Today's announcement makes the future for Steem brighter than ever. The Steem Blockchain is faster and already larger than the Bitcoin and Ethereum blockchains combined, and working with Global Blockchain Technologies Corp. is going to exponentially increase the number of applications built on Steem in an accelerated amount of time."
I need to inform myself on SMTs, a.s.a.p., then!?! What a treat to read this on top of other news underlining the potency of the Steemit ecosystem, this is simply awesome! Our platform is building mycelium style...
By the looks and history of our groups here on Steemit.com, I have the feeling this news will bring about much eagerness to create and therefore will propel the platform to new heights. Let's see how strong, fast and potent this place is. Meanwhile, let's share this with everyone beyond what is our pseudo-borders.
Thank you for sharing these great news with us all. All for one and one for all! Namaste :)
Here in all details and examples
https://smt.steem.io
SMTs are truly an amazing innovation. SMTs are to this blockchain what ERC20 is to etherium.
It opens up the door for a ton of tokens to be created using the curation/reward system that steem developed. A great deal of the social media spectrum could adopt this format....
SMTs were a tremendous announcement...I dont think people realized how big.
Thanks, I have to count myself as one of those who don't yet have a grasp on their potential, yet... Thanks for giving me a bit of education about it. Namaste :)
This is such big news. It's a good time to be a Steem stacker!
You bet! Some of us know it better than others, obviously... ;) Namaste :)
If you needed any more reason to start investing in Steem this is it.
This could be the start of something huge.
Can anyone come up with a reason to not work hard on building their Steem Power?
The first rule of investmen analyst:
never mention price and date in one centence.
But still. 2 usd by the end of the year.
Wow - this is great news! This is definitely a good sign for the ecosystem. I'm wondering if more organizations will jump in.
Good news for holders!
A question for the group... what do you think about this investment? What might it trigger within the entrepreneurial Steem ecosystem? If anyone has additional information about this announcement, please share!
Hmm @voronoi, I think the best part of this investment is that the platform gets more visibility to the public. As mentioned by @dollarvigilante in his talk at Steemfest, he cited that Steem/Steemit needs a better advertising strategy & innovations on its technicality.
Hmm, I will be more happy if a celebrity starts blogging in Steemit! Then shares it to her facebook, instagram & twitter. Haha.
Hey Jassen! Definitely, the visibility is great, but I think it also has big implications for the platforms to-be-built off of SMTs. Personally, I don't think Steemit.com is designed or intends to compete with a Facebook. BUT... with attention snowballing like this, SMTs could become a default third party token for ALL social networks online.
2018 will be an exciting year :)
I think it provides resources for development. Ultimately, past the hype, a blockchain's value comes from the development. I am guessing this leads to a ton of it on here.
The next 6-12 months will see a large number of apps built upon this.
Great news for steemit and more stability !!
I can't wait for more investors to go on steemit. i truly believe steemit will break fast and pass instagram, tweeter and facebook! this will bring the community known more and more and more!
Thank you for this information and further development