On 8th June, Ontology, another elite open multi-chain venture, and a dispersed trust collaboration stage reported the launch of Ontology Global Capital [OGC] with Miss Selina Xu of Danhua Capital as the Founding Venture Partner. OGC will submit itself to supporting blockchain innovation and blockchain industry ecosystems globally, accelerating industry participation, application rollout, and welcoming exceptional projects to connect with OGC.
Today, Ontology tweeted:
“Ontology Global Capital (OGC) Launches with Selina Xu as the Founding Venture Partner https://medium.com/ontologynetwork/ontology-global-capital-ogc-launches-with-selina-xu-as-the-founding-venture-partner-f2ecfa0c2402 …
ODB, a Twitter user commented:
“It means that they have their own VC firm which will invest in projects that advance the
$ONT ecosystem. Similar to NEO Global Capital which invested in $ZIL and $BLZ for example.”
Establishing Venture Partner of OGC Miss Selina Xu, at present, a Partner of Danhua Capital has been occupied with funding since 2008 and has a broad involvement in Blockchain investments. She has driven Ontology, NEO, Fcoin, Contentos, ADV, MDS investment and incubation ventures.
From 2008 to 2015 while at Sequoia Capital, Miss Xu took an interest in the investment of many cutting-edge web organizations including Toutiao, Vipshop, Rong360.com, ppdai.com, and Tezign. From 2016 till the present, she has led the group at Danhua Capital to accelerate interests and complete investments in numerous ventures including China Chengxin Credit Rating Group, Baimaohui, OnChain, Zhoupu Data, Yonghui Life, and Lima Technology.
Jun Li, Founder of Ontology, said:
“OGC’s partners are top industry elites, focusing on investment in the blockchain industry. Close cooperation between OGC and top investment institutions will help reshape the advantages of traditional and emerging industries, allowing blockchain technology to be applied to more fields, bringing new challenges and opportunities, and continuously improving and developing industry solutions. OGC will grow to have a global, professional, and influential investment team involved in the management of ecosystem funds”.
ONT is currently being traded at the price of $8.09 and its market cap is $1.22 billion. ONT has seen a fall of 2.06% while in the past 7 days ONT has seen a rise of 14.28%.