A startup tied to Australian academic and businessman Craig Wright, who last year claimed to be the inventor of bitcoin, has been sold.
The sale of nChain – formerly known as EITC Holdings – was announced yesterday. The buyer is a Malta-based investment fund, High Tech Private Equity Fund SICAV plc, which is managed by Zürich-based Accuro Fund Solutions. A group of companies affiliated with nChain was also acquired as part of the deal.
But, according to the firm's announcement, nChain may be planning a more open approach to the patents it is seeking.
In its release, nChain said that it "intends to make some of its intellectual property assets available to the blockchain community through open source software and royalty-free licensing" sometime this year. However, the firm gave no indication when that process might actually begin.
Image Credit: BBC
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