Blockchain Fund
The Chinese city of Nanjing is launching a fund worth over $1 billion to support development of blockchain projects.
The city government of Shenzhen, China, is backing an $80 million blockchain investment fund, soon after Hangzhou city supported a similar effort.
A bitcoin mining fund is investing $44 million in brand-new hardware, a longer-term bet than most are making.
China now has a new blockchain fund with $1.6 billion available – 30 percent of that backed by the Hangzhou city government.