Alphabit Fund Backs PolkaCipher With Strategic Investment
PolkaCipher is pleased to announce that we have secured the backing and investment from one of the industry's most recognized and leading VCs, Alphabit Fund.
About Alphabit Fund
Alphabit Fund was conceived in June of 2017 as one of the first investment funds to provide exposure for professional investors to crypto-asset markets. The objective of the fund is to outperform a buy and hold strategy for Bitcoin (BTC). Many in the industry are aware of how Alphabit Fund has a strong background and successful portfolio of companies they have backed over the last few years ranging from Yield, Poolz, Stratis to ShareRing.
A proven and successful team led by CEO Liam Robertson, Director of Operations Andrew Ivoson, and VP of Strategy Shane McQuillan, their portfolio is one where they look at the long-term productivity and development of projects at an early stage and help them open doors within their network to offer only the best in what they do.
Their aim as a business is to “advance the overall development of the sector by investing in and sharing our expertise with the most visionary and innovative projects we can find”.
As the Investment Advisor to the Alphabit Fund, one of the first regulated crypto-asset funds, they have forged a reputation for investing in companies at the cutting edge of the blockchain revolution and invest in the decentralised economy of the future.
About PolkaCipher
PolkaCipher is a privacy-preserving oracle network on the Polkadot Blockchain focused on bringing the use case of private NFTs to off-chain businesses and be a bridge for seamless integration to on-chain Defi apps.
PolkaCiphers unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (dapps) and real-world business rewards.
