NetworkNewsWire Editorial
Coverage: Investor interest in
blockchain technology continues to rise, as additional applications
have now arisen. Various industries have begun researching ways to
implement blockchain technology including: finance, cyber security,
supply chain management, voting, government, and healthcare. Many
major companies have recently seen their stock shares soar, as the
news broke about the addition of blockchain technology to their
business models, thus indicating a major trend among investors. One
company that is particularly active in applying Blockchain
technology to a wide-range of industries including entertainment,
sports, finance, energy infrastructure, healthcare and gaming is
Victory Square Technologies, Inc. (CSE:VST) (OTC:VSQTF)
(FWB:6F6) (VSQTF
Profile). Other relevant players
include HIVE Blockchain Technologies Ltd. (OTC:
PRELF), Marathon Patent Group (NASDAQ:
MARA), Bitcoin Investment Trust (OTC:
GBTC) and On Track Innovations Ltd. (NASDAQ:
OTIV).
Blockchain Rush Triggers Capital Flow
Blockchain technology is fueling a revolution in the way
businesses operate and interact with customers. It now underlies
the Internet of Things, artificial intelligence, cryptocurrency,
augmented virtual and mixed reality, personalized medicine, and big
data-driven analytics
The blockchain space is on track to run at an estimated CAGR of
79.6 percent through 2022, reaching nearly $7.7 billion, according
to global research firm MarketsandMarkets (http://nnw.fm/cOb0G). Tech giant Google and banking
giant Goldman Sachs are two of the most active corporate investors
in blockchain companies today (http://nnw.fm/6TdCE) and over $2.1 billion in publicly
disclosed venture capital (http://nnw.fm/o1sUb) has thus far been pumped into
everything from wallet and exchange companies to financial service
and asset management companies ($557.65 million in 2017 alone).
Total cryptocurrency market capitalization, which hit a high of
around $850 billion in January of 2018, is currently around $700
billion (http://nnw.fm/SCpr8). Initial Coin Offerings (ICOs),
which are powered by blockchain technology, are now outpacing
traditional equity funding when it comes to ramping blockchain
start-ups. There were 235 ICOs in 2017 representing around $3.7
billion (http://nnw.fm/s0brW) across categories like
infrastructure, trading and investing, finance, payments, data
storage, drugs and healthcare, gaming, betting, commerce,
advertising and identity/reputation.
The Race is on to Discover the Most Influential
Blockchain Startups
Many venture capital firms and investment groups have recently
keyed in on investing and acquiring innovative and out-of-the-box
blockchain startups, that seek to push the boundaries of the
technology and where it can reach.
For example, Victory
Square Technologies, Inc. (CSE:VST) (OTC:VSQTF)
(FWB:6F6) recently announced that they have tapped
blockchain-based applications platform Bluzelle’s CEO, Pavel Bains,
as a strategic adviser. This is a logical move for an innovation
breeder like Victory Square (http://nnw.fm/lsBg2). Bluzelle was recently awarded
technology pioneer status by the World Economic Forum (http://nnw.fm/QnR1L) due to the strength of its
one-two-punch PaaS (Platform as a Service) and DaaS (Data as a
Service) approach, which has landed Bluzelle’s enterprise-grade
blockchain architecture in the hands of industry leaders such as
Microsoft, KPMG, HSBC, Zagbank, and Temenos.
In addition, Victory Square has been invited to participate in
Bluzelle’s early contributor round token sale (BLZ) to the tune of
$500,000 and will receive 25 percent more tokens as a bonus for
such participation, making them an early mover in the ICO
space.
Victory Square was recently admitted to the highly influential
Blockchain Investors Consortium (BIC) founded by ICO maven Mike
Costache (http://nnw.fm/FInq7). The BIC endeavors to share due
diligence and provide co-investment opportunities in the most
promising blockchain ventures, and currently has over 120 members
(individuals and crypto hedge funds) with $5 billion in digital
assets under management. This Consortium puts Victory Square at the
forefront of various blockchain opportunities and gave them the
opportunity to participate in that the closed early contributors
round for the Bluzelle ICO.
Costache was “extremely excited” to admit Victory Square to the
prestigious BIC organization and was keen to note the company’s
“proven track-record of incubating and investing in successful
platforms.” Victory Square has subsequently partnered with BIC
(http://nnw.fm/z7ufY) to offer a $2 million
investment prize pool to the top three blockchain companies at each
of the upcoming d10e decentralization conferences to be held this
year. This investment prize pool exemplifies Victory Square’s main
goal to invest and contribute to the latest advancements within the
blockchain technology space.
This week, Victory Square will present alongside its portfolio
companies at this year’s North American Bitcoin Conference held in
Miami, FL on Jan 18-19. These initiatives are all part of Victory
Square’s ongoing strategy of finding and partnering with innovative
blockchain startups.
Victory Square Announces Series of Blockchain-Related
Partnerships and Acquisitions
One Victory Square portfolio company, VS Blockchain Assembly
Inc., was recently introduced by the company despite having been
incubated since early in 2017 (http://nnw.fm/y7PsN). VS Blockchain Assembly was
created to exploit the once-in-a-generation opportunity found in
all market sectors’ blockchain exploration, as well as the
utilization of ICOs and token generation events to raise capital.
VS Blockchain Assembly’s banking, legal and commercialization
services will act as an in-house accelerator to existing Victory
Square portfolio companies. This partnership with VS Blockchain
Assembly diversifies and strengthens its footprint in the
blockchain accelerator industry, which gives it more access to
invest in new industries moving into the blockchain space.
Another recent move, which exemplifies the company’s mission to
invest in up-and-coming game-changers, was the LOI signed in late
December (http://nnw.fm/a8OkM) to acquire a 20 percent stake in
SD-WAN (software-defined wide area networking) outfit Multapplied
Networks Incorporated (http://nnw.fm/f2K21). Multapplied Networks’
proprietary software is being used to create a global decentralized
Internet and there is a great deal of overlap here for Victory
Square’s increasingly diverse array of portfolio companies.
Victory Square has positioned itself to grow alongside the
blockchain sector, as it has invested in the formation of a
personalized health venture arm (http://nnw.fm/fOV1D), the acquisition of a 33 percent
stake in diabetes test kit developer Personalized Biomarkers, Inc.
(http://nnw.fm/LiL2n), and a partnership with
Immersive Sports Technologies to launch a virtual reality arcade
prototype in downtown Vancouver (http://nnw.fm/65hA8) as the virtual, augmented and
mixed reality sector anticipates growth of more than $108 billion
by 2021 (http://nnw.fm/Dwo34).
This is a key area of growth for the company, especially
considering the ongoing development of a new social sports betting
platform built utilizing blockchain technology (http://nnw.fm/q3Qqw), currently being pursued by the
company’s wholly owned subsidiary, FansUnite Media Inc. The sports
betting market could hit upwards of $6 billion a year by 2023,
according to some estimates, which puts Victory Square in the
front-running for potential growth within this industry. (http://nnw.fm/Jck01).
Investment in Gibraltar Blockchain Exchange Drives
Legitimacy for Blockchain and ICOs
A huge focal point for blockchain-oriented companies in 2017 was
the proliferation of Initial Coin Offerings (ICOs), which are
powered by blockchain technology. Victory Square is rapidly gaining
ground in the cryptocurrency and ICO space, and recently
contributed $150,000 to the Gibraltar Blockchain Exchange’s rock
token, which has already sold $21 million in its pre-sale (http://nnw.fm/U0wZY). GBX plans to use those funds to
develop the world’s first licensed and regulated token sale
platform. This development will add a level of legitimacy that the
ICO industry badly need to attract mainstream investors who remain
skeptical of ICOs.
Potential Comparables
HIVE Blockchain Technologies Ltd. (OTC: PRELF)
is the first publicly listed blockchain company focused on
infrastructure that bridges the gap between crypto and the
traditional capital markets. A crypto miner with a state-of-the-art
GPU-based mining facility in a low-energy cost jurisdiction of
Iceland, HIVE provides industrial scale capacity in partnership
with the world’s leading cryptocurrency mining hashpower provider,
Genesis Mining, and has become a major player in the Ethereum
crypto market.
Marathon Patent Group (NASDAQ: MARA) is an IP
licensing and commercialization company that draws on a wide
variety of sources, ranging from small and large companies, to
universities. Marathon announced a definitive agreement in early
November 2017 (http://nnw.fm/lvUJ7) to acquire 100 percent of digital
asset technology outfit and crypto miner, Global Bit Ventures Inc.,
making it one of the first NASDAQ-listed companies to enter the
space.
Bitcoin Investment Trust (OTC: GBTC) is the
BTC-focused investment trust run by one of the investment
community's most trusted authorities on digital currency investing,
Grayscale Investments, which was established in 2013 by the Digital
Currency Group (http://nnw.fm/9okI8). The first publicly quoted
security solely invested in BTC, Bitcoin Investment Trust allows
investors to obtain direct exposure to price action in bitcoin,
without the hassle or risk of actually managing cryptocurrency.
On Track Innovations Ltd. (NASDAQ: OTIV) is one
of the leading innovators in developing secure cashless payment
solutions for applications ranging from automated-retail, vending,
self-service and self-checkout, to IoT and wearables. OTI’s payment
readers and terminals support protocols from NFC (near-field
communications) and Contact EMV chips, to wearable payment
solutions.
Blockchain will likely reshape the world of payments, internet
banking and financial transactions in the near future. With its
seemingly limitless range of potential applications, it’s likely
inevitable that blockchain technology will have a tremendous impact
on a wide variety of business and technology sectors.
For more information on Victory Square, visit Victory Square
Technologies, Inc. (CSE:VST) (OTC:VSQTF) (FWB:6F6).
For a more in-depth look into Victory Square Technologies Inc.
(CSE:VST) (OTC: VSQTF) (FWB:6F6), view the full report on Microsmallcap.com.
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