Facebook and the dream of the blockchain
Investors and users in all communities are excited by a piece of news that Facebook has advanced with its blockchain dream. According to a recent news stream coming from the social media giant's headquarters is that Facebook has acquired Chainspace - a specialized company that excels at scalability in smart contract platforms. While the technology giant will still make an official announcement according to sources close to this development, the acquisition of the Chainspace team, a move known in Silicon Valley as an employee, is the clearest sign of Facebook's ambition to become a big player in the blockchain industry. Newborn.
Until now, Facebook has around 40 employees led by leading FB executive David Marcus on their new blockchain team. What they are doing or how it will be launched is still a mystery because giant companies hold their cards very close to their chests. What might not be clear is the extraordinary agreement they got because of the bear market. The company tried to collect less than $ 4 million when Zuck's offer came. There is no doubt that as long as 2017 bull valuation markets can be ten times higher because we will explore below.
Bottom fisheries in cryptospere - where investors get shares with reasonable valuations
Because most of the world's biggest investors will say that the best time to make a big investment is when prices are low, Facebook has just proven it with Chainspace acquisition with a low rating. And not only Facebook, Kraken also acquired Crypto Facilities which, although it was a nine-figure agreement, were considered discounted purchases. Another perfect example of a discount price is Circle. Startup crypto has collected millions with the help of Goldman Sachs and others!
Usually, the bear market is a time when small businesses are tested but also the time for consolidation for larger players. Over the past few months, several projects have been closed and skimped with the latest including Canadian Exchange Coinsquare. While everyone has their views about the bottom, it's just a sign of the times. In any traditional market, this is a place where value investors step in. Of course, this new technology is risky. However, for larger players who want to make long-term investments in this space with favorable valuations, now can be the right time.