Blockchain Incubator Launches After Raising $50M Fund To Back IOST Ecosystem

Bluehill, a blockchain incubator and accelerator, officially launched to support partnership projects, DApp development and blockchain technology innovations within the IOST ecosystem.

Following a successful new raise of $50 million in funding, Bluehill aims to provide crucial backing for IOST industry partnerships, as well as for projects built within the IOST ecosystem. Bluehill was established to support the growing interest from developers and entrepreneurs in the IOST blockchain. The backing of a well-funded incubator/accelerator will position the IOST network to compete for developer attention with top tier blockchain platforms like Ethereum.

Bluehill has already established a team of over 50 full time staff with plans to reach 100 employees by the end of the year. They have offices in China, Korea, Singapore and are currently finalizing incorporation in the United States and Germany, as well as plans to launch more offices globally in the near future.

In the future Bluehill and IOST plan to collaborate to launch projects in order to emulate the rapid expansion of blockchain technology supported by the Ethereum ecosystem over the last year.

Bluehill has already announced partnerships with 7 highly promising projects that are developing blockchain solutions for cybersecurity, payment processing and content distribution.