Press release: World Tokenomic Forum Launches a Revolutionary Social Enterprise Venture Fund for Blockchain Related Technologies
Friday, February 9, 2018
World Tokenomic Forum is innovating the social enterprise venture fund model with its Sandcastle Social Enterprise Fund focused on early stage, protocol and decentralized application investments for cybersecurity, infrastructure, identity, payments, and social impact companies.
The fund model innovation is highlighted by a tiered give-back distribution of between 20%-40% of the General Partners’ Carried Interest profits to non-profit organizations whose missions support next-generation entrepreneurs, global startup ecosystems, social enterprises, blockchain advocacy groups, and research organizations and university incubators who make up the social impact members of the World Tokenomic Forum consortium. This will be coupled with an active trading and annual dividend structure based upon the fund’s parallel token trading strategy.
The initial fund formation will be complete and live by April 2018 and announce its initial portfolio of technologies. Three 501(c)3 beneficiaries so far have been identified including StartupAZ Foundation, Global Blockchain Foundation and Jindal Centre For Social Innovation and Entrepreneurship and the partner’s goal will be to identify and add up to 20 more over the next two years.
The announcement comes following a recruiting trip by Managing Partner and Executive Chairman Chris J Snook to Southeast Asia this week as part of the World Tokenomic Forum’s global search and open application period to find 64 of the top blockchain technology companies across the world to compete in its Sandcastle Startups Challenge 2018.
Sandcastle Applications are open until March 15th, 2018 and the two-step simple process can be completed in under a few minutes by visiting www.worldtokenomicforum.com.
World Tokenomic Forum will be culminating its 2018 hunt and open application period in Austin, Texas at a four-day invitation only BlokHaus party which will feature hosted breakfasts, bbq and happy hours around the formal content themes of:
March 9th, 2018: Smart cities, infrastructure, cybersecurity, and mobility
March 10th 2018: Banking, retail, payments, and identity
March 11th 2018: CPG brands, message tech, and enterprises
March 12th 2018: Block Bot-or-Not for ecommerce, healthcare, food and beverage, VR, AR, AI.
The World Tokenomic Forum BlokHaus in downtown Austin will invite 300 curated people per day from the corporate, civic, technology, and capital markets for intimate insights, deal making, and diligence on any applicants of Sandcastle that wish to attend. Request an invitation at www.blokhaus.vip
The BlokHaus by World Tokenomic Forum removes the hype-cycles of high-volume blockchain events, mainstream media buzz, and politicized agendas and trading volatility of cryptocurrencies, and drills deep into the true efficacy and consequences of adopting or failing to embrace a digital society and harness the technologies that power it.
“We are delighted to announce what we believe to be a game-changing innovation to the way venture impact investing and carried interest profits are distributed by tying an aggressive growth and ROI strategy of our portfolio companies to an increased give-back that benefits a broader humanity in ecosystems around the globe,” said Chris J. Snook, World Tokenomic Forum founder/executive chairman and managing partner.
The World Tokenomic Forum is committed to building bridges not walls as a leading industry agnostic consortium shaping the future of our token economy and the Sandcastle Social Enterprise Fund is an important step in farthing that vision, mission, and purpose.
Photo courtesy of Andrew Magill.
Source: Press release (link opens in a new window)