Today at the RISE Tech Conference in Hong Kong, the man dubbed ‘The Bitcoin Man’ Herbert Sim, announced a $1 million investment in TaoDust, a Maltese blockchain startup.
TaoDust, a crowdfunding platform powered by blockchain technology, secured a $1 million investment from Sim, the founder of the Crypto Chain University, the world’s first repository for compiling blockchain and cryptocurrency research papers, during the largest tech conference in Asia. It is believed to be the first time ever that an early-stage company secures a major investment deal directly at the popular tech conference.
Chosen out of 51,000 applicants, the TaoDust platform utilizes Ethereum smart contracts which enable project creators to generate equity tokens in their companies. Alan Tonetti. the TaoDust CEO & Founder, heads an experienced blockchain development team which beat off some strong competition from around the world. Following the investment, Tonetti said:
“We’re proud and happy for this signature. It means a lot to us: it’s been an intense journey and now this a major step forward. We can now focus on the launch and develop a TaoDust secondary market”.
With over 16,000 attendees enjoying more than 350 speakers, the RISE Conference is fast becoming a must-attend conference in the tech conference calendar. Today’s TaoDust news has dominated coverage so far. It also continues the growing presence of Herbert Sim in the blockchain and crypto world. Earlier this year in April, Sim also made a strategic investment into Israeli blockchain startup TEVEL.
Herbert Sim said of the investment at a press conference:
“TaoDust stood out to me the most among the hundreds of startups present at the conference. It showcased a revolutionary technology and idea, along with a great team and proprietary technology, that will penetrate across the industries, and I am very happy to be part of this venture.”