Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15.
Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture capital fund focusing on blockchain technology and built on a blockchain-powered backend.
The new venture capital fund aims to change the concept of the traditional industry by enabling non-institutional investments, as well as allowing investors to trade on external crypto exchanges via EquiTokens. The EquiTokens infrastructure is reportedly based on the Ethereum (ETH) blockchain, which is widely used by decentralized applications (DApps) developers.
According to Verdict, EQUI Global will target “sophisticated” investors that are focused on venture capital funds through investing in EquiToken. The model intends to facilitate the trading experience by allowing for the easy liquidation of tokens through cryptocurrency exchanges. The report further notes that 80 percent of EQUI Global’s investments will be put in technology companies, while the rest will be invested in other fields like real estate and art.
As Wozniak stated, the company’s mission is to “seek, support and fund the blockchain and tech stars of tomorrow.” Wozniak noted that the company has already partnered with “over 20 businesses” that have not been launched officially. See more...