Waves platform raised $ 120 million to develop a private blockchain Vostok

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Waves platform raised $ 120 million to develop a private blockchain Vostok
2018-12-19 in BLOCKCHAIN

The Waves statement said that a round of financing, in which private investors also took part, was led by London-based financial company Dolfin.

“Cryptocurrency fever is over, but the idea of using a decentralized network to store data and reduce costs is still relevant,” – said Alexander Ivanov, CEO of Waves.

The launch of the Vostok project was announced in April of this year. As Ivanov stated then, his mission would be to create a large-scale blockchain platform for the implementation of large business projects and state institutions.

In July, the Waves Platform signed a memorandum on strategic partnership with a subsidiary company, involving the integration and optimization of new solutions for the blockchain platform Vostok.

In September, the cooperation agreement with Vostok was also signed by the state corporation Rostec – within its framework, the creation of a project office was announced with the aim of introducing distributed registry technology into the infrastructure of the digital economy of the Russian Federation.

Meanwhile, Waves own token, against the background of today’s news, continued impressive growth and, having risen by more than 63% in the last 24 hours, was trading at around $ 4.50 at the time of publication. Weekly growth of the coin was 140%.

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