{"id":6362,"date":"2018-12-19T13:12:28","date_gmt":"2018-12-19T13:12:28","guid":{"rendered":"https:\/\/forklog.media\/?p=6362"},"modified":"2018-12-20T10:37:18","modified_gmt":"2018-12-20T10:37:18","slug":"waves-platform-raises-120-million-for-vostok-private-blockchain-development","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/waves-platform-raises-120-million-for-vostok-private-blockchain-development\/","title":{"rendered":"Waves Platform Raises $120 Million for Vostok Private Blockchain Development"},"content":{"rendered":"<p>Waves Platform, a public blockchain network that enables digital startups to create tokens, has announced it raised $120 million to roll out a private version of its Vostok system for corporations and governments.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/t.co\/2SqTPaGOO2\">https:\/\/t.co\/2SqTPaGOO2<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Vostok?src=hash&amp;ref_src=twsrc%5Etfw\">#Vostok<\/a>, a one billion dollar project in <a href=\"https:\/\/twitter.com\/hashtag\/Waves?src=hash&amp;ref_src=twsrc%5Etfw\">#Waves<\/a> ecosystem, has closed the first funding round. 3% of VST system tokens will be airdropped to <a href=\"https:\/\/twitter.com\/search?q=%24Waves&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Waves<\/a> holders. Waves is becoming the first <a href=\"https:\/\/twitter.com\/hashtag\/WEB3?src=hash&amp;ref_src=twsrc%5Etfw\">#WEB3<\/a> company with a versatile product pipeline.<\/p>\n<p>\u2014 Sasha Ivanov (@sasha35625) <a href=\"https:\/\/twitter.com\/sasha35625\/status\/1075348824481181696?ref_src=twsrc%5Etfw\">December 19, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a Bloomberg report, the fundraising round was led by London-based financial services group Dolfin, and also included a number of other private investors.<\/p>\n<blockquote><p><strong>\u201cThe cryptocurrency rush is over now, while the idea of using a decentralized network to store data and cut costs is still relevant,\u201d<\/strong> said Alexander Ivanov, the CEO of Waves Platform.<\/p><\/blockquote>\n<p>Large firms and state entities often find the speed and security level of public blockchains to be insufficient, he added, pointing out that so-called private blockchains, which have limited numbers of users, protect data better.<\/p>\n<p>Vostok, similar to the International Business Machines Corp.-led Hyperledger in the U.S., will focus on Europe, Asia and the former USSR, expecting its first projects in the beginning of 2019, Ivanov said.<\/p>\n<p>The platform\u2019s own cryptocurrency, Waves, jumped over 60 percent to $4.50 in the past 24 hours, and with a market value of about $420 million it was ranked 19th on CoinMarketCap.<\/p>\n<p>Founded in Switzerland by Russian engineer Sasha Ivanov, Waves Platform has benefited from a recent boom of initial coin offerings that let firms create and sell tokens via its distributed-ledger technology, which it describes as a fast and easy-to-use blockchain.<\/p>\n<p>Back in 2016, the company itself <a href=\"http:\/\/forklog.media\/waves-raise-nearly-16-million-in-a-crowdsale\/\" target=\"_blank\" rel=\"noopener\">raised<\/a> nearly $16 Million through a crowdsale.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waves Platform, a public blockchain network that enables digital startups to create tokens, has announced it raised $120 million to roll out a private version of its Vostok system for corporations and governments.<\/p>\n","protected":false},"author":1,"featured_media":6366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[314,705,934,290],"class_list":["post-6362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-private-blockchains","tag-venture-capital","tag-vostok","tag-waves"],"aioseo_notices":[],"amp_enabled":true,"views":"545","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=6362"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6362\/revisions"}],"predecessor-version":[{"id":6364,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6362\/revisions\/6364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6366"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}