According to CoinDesk, in Ohio of the United States, two start-up accelerators are reported that they’ll be investing in the firms of blockchains. The amount of investment is about $100 million.
On Monday, Cleveland.com reported that JumpStart which is a non-profit organization that supports as well as funds the start-ups and is based in Ohio will now be investing about $100 million in the blockchain firms at an early stage.
FlashStarts which is also a business accelerator from the Cleveland city of the Ohio will also be making an investment worth $6 million which will enable these start-ups to raise some of the pre-seed rounds of funding.
According to CoinDesk, the news source stated that the CEO of the JumpStart, Ray Leach revealed the plans of funding at Ohio in Cleveland at the Blockland Solutions Conference.
Leach also stated that there are several other investment funds in the state which are planning to invest about $200 million into the companies if the blockchain in the coming years. But this news has not been confirmed officially as of now.
In the United States, Ohio is now moving steadily to become the most “pro-blockchain” states.
Lately, the state also allowed the taxes to be paid in the form of bitcoins rather than normal currencies thereby becoming the first state to do so.
With the advent on the same line, it will enable the local businesses to pay a huge array of taxes ranging from sales tax of tobacco to the utilities tax of the public with the cryptocurrencies.
In August of the same year, Ohio also legally recognized the data that will be stored as well as transacted on a bloackchain.
During the same time, a similar pitch was made by the lawmakers of their state to be the hub of bloackchain in future.
Source: CoinDesk, Investing
