Block Dream Fund launches $10 Million Fund to Support the Filecoin Ecosystem
OKEx’s newly founded Block Dream Fund has announced a collaboration with the Filecoin Network. Block Dream Fund will provide $10 million of dedicated capital and resources to support high-quality ecosystem projects from programs like Filecoin Slingshot, the Filecoin Launchpad Accelerator (led by Tachyon), the Filecoin Frontier Accelerator (led by Longhash Ventures), and more.
“We predict that the distributed storage market will explode in the coming years and want to invest our resources in companies building on Filecoin,” said Dora, the Founder of Block Dream Fund. “We expect several unicorn startups to emerge from the Filecoin ecosystem.”
Block Dream Fund’s Filecoin ecosystem incubation support includes:
1. Business development with OKEx’s expert entrepreneurial guidance, helping entrepreneurs establish meaningful strategic partnerships and connections with potential customers, investors, purchasers, and business consultants.
2. Connections to OKEx’s key global resources. In regions such as China, Silicon Valley, Japan, South Korea, and Southeast Asia, where OKEx maintains a global resource network with local media and KOLs.
3. Trading platform support. Projects will have free access to the products and services of OKEx exchange.
“Thousands of developers and hundreds of projects are joining the Filecoin ecosystem through hackathons, meetups, accelerators, grants programs, and other events organized by the community,” said Colin Evran, Ecosystem Lead for the Filecoin Project. “These entrepreneurs and developers are generating innovative new use cases and business models on IPFS & Filecoin that could accelerate the adoption of Web3. OKEx’s Block Dream Fund is well-positioned to arm these projects with the mentorship and growth capital they need to succeed.”
About OKEx:
A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. OKEx provides spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.
About Block Dream Fund:
Block Dream Fund is an investment institution under the worldwide top trading platform OKEx, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of global blockchain industry, and focusing on long-term structural value investment. The initial capital of Block Dream Fund is USD 100 million. We are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.
About Filecoin:
Filecoin is the world’s largest decentralized storage network that allows users to store, request, and transfer data through a verifiable marketplace. Filecoin is completely open-source, enabling people from all over the world to participate. The Filecoin protocol runs on an advanced and novel proof system — a combination of Proof of Spacetime (PoSt) and Proof of Replication (PoRep), to provide unmatched efficiency and reliability.
Filecoin’s network of developers, users, and storage providers creates a robust foundation to store the world’s most valuable data sets. An alternative to costly cloud storage, Filecoin offers reliable storage at competitive prices, minimizing financial barriers, and allowing users to take advantage of its unmatched network capabilities.
