OCEAN is an emerging firm that comes with the latest ideologies in combating the risks related to traditional Bitcoin.
OCEAN, a Bitcoin operating on a decentralized system, has taken a step towards the milestone as it raised $6.2 million in the latest funding to contribute to its seed stage. The known billionaire, Jack Dorsey, played a major role in leading the funding.
OCEAN raised $6.2 million in its seed funding, which was majorly led by Jack Dorsey and other participants such as Barefoot Bitcoin Fund, Bitcoin Opportunity Fund, and Bitcoin Opportunity Fund. The funding raised will help introduce it to the public while creating better awareness around Bitcoin and facilitating new players to taste the market better.
Some major investors found the potential in OCEAN and decided to go ahead with the investments. Here is what the investors of OCEAN perceived about the firm. “Our contribution to OCEAN comes from a deep respect for their mission. OCEAN is solving a problem for Bitcoiners that I think all of us feel – further centralization of pools and mining pools that could plague Bitcoin and how that risks a bunch of Bitcoin attributes that we hold dear.
As part of the launch, Mr Dorsey noted, “When I see a project that is good for Bitcoin broadly, and that’s also good for my companies and me personally, it becomes a simple decision for me, and I’m happy to be a part of it.”
Dubai is stepping up its game in digital finance. In a major move, the government…
Key Highlights MOODENG jumped 705% in 5 days, from $0.038 to $0.29. Price breakout aligned…
After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind…
There's a growing narrative that "Ethereum is dead," But is it true? Some analysts argue…
The crypto market started the week on a high, with Bitcoin climbing above $102,000 during…
Soon after the US-China trade war eased and a 90-day pause came into effect, the…
