NFT Collection The Superlative Secret Society Price, Stats, and Review
Can Shiba Inu defy THIS descending pattern and trigger a price reversal?
Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report
Bitwise CIO Matt Hougan Predicts Explosion of Corporate Bitcoin Purchases in ‘Overlooked Megatrend’
South Korea Delays Corporate Crypto Accounts: What It Means for Institutional Investors
Movement [MOVE] fails to reclaim key levels – Sell-offs incoming?
Meme Coin Baru Flockerz Raih $10 Juta dalam Presale, 6 Hari Sebelum $FLOCK Terdaftar di Bursa
Can XRP Price Hit $5, $10, $15 & $20 Targets After $3?
Top Analyst Reports Massive Breakout For XRP Price, Eyes $10 As Next Milestone
Pro-Ripple Attorney Slams US SEC Post New Filing in XRP Lawsuit
Leaders congregate at the DavosWeb3 Roundtable to shape the future of decentralized technologies
Crypto spot trading surpasses May 2021 peak, fueling $11.3t activity: CCData
4 Altcoins to Consider Buying to Turn $600 into $12000 in 2025
Bitcoin ETFs resume inflows as BTC surge past $100k following US CPI report
인플레이션 지표에 반응한 비트코인과 새로운 투자 대안으로 부상 중인 밈코인
Cardano – How whales’ re-entry can push ADA past $1.5 on the charts
Major Victory For Bitfinex: DOJ Declares $9 Billion In Stolen Bitcoin Should Be Returned
Crypto Advocate Tom Emmer Gains Key Role In Digital Assets Leadership
Whale buys 3.81M AiXBT; token reaches an all-time high—can it hit $1 soon?
A nation is considering Bitcoin ETFs for foreign reserves, says Bitwise CEO
Study: 52% of Americans Ditch Traditional Assets for Crypto, Sparking New Wave of Adoption
Bitcoin ETF Inflows Shoot $755M On Core CPI Drop, BTC To Hit New ATH?
Wall Street Pepe ICO Menuju Milestone $50 Juta – Meme Coin Baru yang Tidak Boleh Anda Lewatkan
European Investment Fund (EIF) 400 million EURO for Blockchain and AI
The European Commission and the European Investment Fund (EIF) have set up a new Blockchain and Artificial Intelligence (AI) Innovation Fund, the EIF announced.
According to the announcement, the new fund was created to prevent the EU from falling behind countries like the US and China. He also wants to strengthen Europe’s position as a site for the development of Blockchain and AI.
Under the new investment plan, EUR 100 million will be made available to venture capital funds or other investors who support “AI and Blockchain-based products and services”.
The EIF also stated that this is only “laying the cornerstone” and is expected to generate an additional € 300 million from private investors.
As the scheme also offers national promotional banks, from next year, the opportunity to co-invest, the estimated total amount of the Fund could continue to increase. The EIF said in the blog post:
“Investing in a portfolio of innovative AI and blockchain companies will help build a dynamic EU-wide investment community for AI and Blockchain. By involving national promotional banks, we can increase the investment volume at the national level. “
The EIF has also stated that the vast majority of venture capital funds that support blockchain technology are not based in Europe but have their headquarters in other countries.
For example, many developers and entrepreneurs end up receiving funding from the US or starting to work for US companies. This often causes the opportunities and potential economic growth associated with these technologies to leave the EU.
Although the EU is already investing heavily in blockchain technology, most investments focus on research and proof-of-concept, while spending very little on development and growth.
The objective of the new fund is to tackle this development and to act as a catalyst for future investment in “large projects” within the EU.
The EIF announcement also states that Europe is the second-highest investment region in the world and will spend an estimated $ 674 million on blockchain technology in 2019, according to International Data Corporation.
While the United States comes first with estimated spending of $ 1.1 billion, China is third with $ 319 million.
image by Shutterstock
Post source: European Investment Fund (EIF) 400 million EURO for Blockchain and AI
More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com
