How Blockchain Is Changing Finance
MARCH 1, 2017
After all, how do you cut cost from a business or market whose structure has fundamentally changed? Menlo Park venture capital firm Andreessen Horowitz joined USV in investing in Polychain Capital , a hedge fund that only buys tokens. Done right, ICOs can not only improve the efficiency of raising money, lowering the cost of capital for entrepreneurs and investors, but also democratize participation in global capital markets.