SEATTLE (PRWEB) February 28, 2018
Reflective Venture Partners (“Reflective”), a newly formed, privately owned and managed blockchain technology fund, today announced the firm’s initial fund (Fund One) in the amount of 100 million RHOC, RChain Cooperative’s native cryptocurrency, to support its investment in and incubation of blockchain-specific distributed applications (dApps) and decentralized solutions. Reflective plans to fund a minimum of twelve dApps in 2018, and over the course of the year will mentor and directly assist with each startups respective deployment onto the RChain blockchain platform in an effort to advance an open-source, decentralized, proof-of-stake platform that addresses the deficiencies of existing blockchain architecture through speed, scale and versatility.
Based in Seattle, WA, Reflective Venture Partners originates from an ongoing strategic partnership with RChain Cooperative (acting as Reflective’s LP in fund one), a third generation blockchain platform that will allow developers to build self-sufficient, high-performance applications with built-in industrial grade scalability and speed. With a clear mandate to grow the RChain ecosystem, Reflective’s executive management team will combine its high touch mentorship programs with RChain’s senior leadership to provide funded startups with direct access to industry veterans from the likes of Amazon, Google, Microsoft and Facebook.
Greg Heuss, Managing Partner with Reflective Venture Partners, said, “We are committed to funding, incubating, and ultimately building the next generation of blockchain innovation. Our team’s senior leadership, comprised of high-tech startup founders and seasoned executives from the legal, marketing, tech, and financial services industries will leverage its experience to evaluate, staff, and build each incubated company's team, as well as train and provide hands-on access to the RChain blockchain platform.”
Greg Meredith, President of RChain Cooperative, said, “At RChain we are utilizing the programming language Rholang to address scalability and smart contract security with the intent of developing a blockchain platform that can scale to safely process transaction loads at much greater throughput than current architecture permits. We are thrilled to work directly with Reflective Venture Partners to identify and deploy blockchain start-ups on the RChain platform. Our work with Reflective is a critical component of our overarching strategy aimed at increasing awareness, interest and adoption among early stage blockchain-specific dApps, talented developers, business enterprises, and consumers.”
About RChain Cooperative
RChain is the brainchild of Greg Meredith, a mathematician and software engineer who has previously worked at several high-tech companies including Microsoft. The Board and Cooperative includes Vlad Zamfir, lead researcher for The Ethereum Foundation's Casper Proof of Stake protocol, Alexandr Bulkin co-founder of Coinfund and a notable technologist, Kenny Rowe co-founder of MakerDAO, and David Currin, notable Ethereum developer working with MakerDAO and DappHub. RChain cooperative members who participated in the private token sale for members include industry veterans who have worked for companies like Microsoft, IBM, Google, Amazon, Facebook, Bain & Co., Bain Capital and Dropbox. Learn more about RChain Cooperative here: https://rchain.coop.
About Reflective Venture Partners
Based in Seattle, WA, Reflective Venture Partners, a blockchain technology fund owned and managed by Steve Careaga, Greg Heuss, and David Otto, originates from an ongoing strategic partnership with RChain Cooperative, a third generation blockchain applications platform that is powered by the Rho Virtual Machine. To reinforce RChain's objectives, Reflective Venture Partners incubates, invests in, and designs strategic financing and token generation events (TGEs) for innovative blockchain specific dApps and complementary technologies and tools that have strong growth potential and will provide a meaningful contribution to the RChain blockchain ecosystem in the form of appreciable utility value and increased market adoption. For more information, visit http://www.reflectiveventures.io.