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Ohio based startup accelerators will be investing $100M into blockchain projects

source-logo  chepicap.com 11 December 2018 04:40, UTC

It has been reported by Cleveland.com that several different startup accelerators are pooling funds to invest $100 million in early-stage blockchain-based startups. Ohio has had a lot of optimistic news come out for crypto recently, including allowing residents to pay taxes in Bitcoin.

The announcement came as the opening of the Blockland Solutions conference, a four day event that wrapped up last week, which was focused around spreading information about blockchain so that Ohio could continue to be a leader in the space.

Ohio accelerator JumpStart will be partnering with six other funds to donate a total of $100 million, with an additional $200 million over the next three years to be given to blockchain based businesses.

This could help cement Ohio as a sort of "Blockchain Capital," if all goes well for the new businesses. Until then, if you were thinking about starting your own crypto business, it may be worth it to locate in Cleveland!

chepicap.com