Multi-chain blockchain network aelf announced on Wednesday it named crowdfunding platform Republic as its first official funding partner of its Innovation Alliance, which is described as a coalition of industry “superpowers” working to accelerate mass blockchain adoption through open-source, community-driven practices.
According to aelf, Republic will extend investment counsel to projects under the Innovation Alliance and provide enterprises and new blockchain projects in the alliance the opportunity to host compliant token presales on its platform. Speaking about the partnership, Zhuling Chen, Co-founder of aelf, stated:
“Many existing businesses interested in blockchain integration, or smaller projects working on blockchain-based business solutions, are up against an uneven funding landscape that is geared toward the wealthy. Republic’s approach to cross-border collaboration and regulatory robustness will help to reshape the way founders and decision-makers overcome these imbalances, making it the perfect fit for the Alliance and the partners’ mission to improve and professionalize the overall blockchain ecosystem. Leveraging Republic’s deep regulatory knowledge within the United States, one of the world’s most stringent and conservative jurisdictions for blockchain experimentation, the alliance will demonstrate the value of qualified blockchain investment counsel for the increasing number of projects calling out for guidance on a global scale.”
Kendrick Nguyen, CEO of Republic and Founding Advisor of CoinList, also commented:
“Promoting open, robust, and responsible funding access to blockchain-based projects is not just a high priority for Republic, but essential for the maturation of the industry. We are delighted to join an all-star lineup of industry experts to help transform new ‘business for blockchain’ ideas into realities, and democratize the funding landscape for what could potentially be the next big thing in fields as diverse as data, cloud computing, artificial intelligence, and information management.”
aelf added that Republic joins a number of high-profile experts and entrepreneurs under the Innovation Alliance, which includes CertiK, a formal verification platform for securing smart contracts and blockchain ecosystems; Huobi Labs, the research and ecosystem-building arm of Huobi, one of the world’s largest cryptocurrency exchanges; Signum Capital, the biggest and most influential blockchain fund in Singapore; FBG Capital, a major cryptocurrency and blockchain hedge fund in Asia; Roland Berger, the only leading global strategy consulting firm of German heritage; and Michael Arrington, the prominent Silicon Valley mogul and founder of TechCrunch and Arrington XRP Capital.