Industry News! Ethereum Classic Labs, an incubator platform, was officially established at the Consensus Conference in New York!

At the Consensus 2018 Blockchain Technology Summit in New York, Barry Silbert, founder and CEO of Digital Currency Group, a world-renowned investment institution, James Wo, CEO of Digital Finance Group, and Jack Lee, founding managing partner of Foxconn HCM Capital, jointly announced that the incubator platform "Ethereum Classic Labs" based on the Ethereum Classic blockchain has been officially established!

Official website link: https://ethereumclassiclabs.com

The highly anticipated Ethereum Classic Labs is an innovative incubator platform that supports the Ethereum Classic Blockchain. It has brought together many of the world's top teams and provides a complete incubation system and services for blockchain startups. Its launch will surely attract a large number of blockchain projects to carry out technical development on the Ethereum Classic chain and accelerate the real implementation of high-quality projects!

Ethereum Classic Labs will provide all-round service support for blockchain startups in the incubator, including operating funds, technical guidance, open office space, industry resource docking, creative strategy consulting, professional business planning and even proposal training. In addition, Ethereum Classic Labs is also dedicated to not only helping with project development, but also integrating high-quality resources from the entire industry to ensure that the project has sufficient market competitiveness after it goes online in the future. For example, during the incubation process, startup teams have the opportunity to receive one-on-one guidance from Igor Artamonov, CTO of ETCDEV, the core technical team of Ethereum Classic, and discuss with industry leaders the infinite possibilities of Ethereum Classic technology development and future development!

Ethereum Classic Labs has received a funding injection of up to 50 million US dollars. Among them, the support of Jack Lee, the founding managing partner of Foxconn HCM Capital, is particularly eye-catching. Currently, Foxconn is interested in entering the Internet of Things industry to become bigger and stronger. This time, Foxconn joined because it saw the development characteristics of Ethereum Classic compatible with the Internet of Things (IoT) technology, and Ethereum Classic has a clear technical roadmap for the Internet of Things. I believe that Ethereum Classic Labs will help more blockchain projects with IoT concepts to be implemented in the near future! At the same time, Ethereum Classic Labs also received support from Bloq.

Ethereum Classic Labs also has technical support from the world's top technical teams and industry leaders. Startup projects will have the opportunity to cooperate with Ethereum Classic's core technology development team-ETCDEV, the famous blockchain R&D engineering company IOHK, etc. At the same time, many blockchain industry leaders including Igor Artamonov, Isaac Ardis and Charles Hoskinson will also provide technical guidance to the startup teams during the incubation process to help them build truly decentralized application projects on the Ethereum Classic chain.

The incubator has unlimited potential to boost the value of ETC!

The vision of Ethereum Classic Labs is to accelerate the development, growth and prosperity of the Ethereum Classic community and the entire Ethereum Classic ecosystem by promoting the development and implementation of applications based on Ethereum Classic smart contracts. We can also foresee that with the operation and development of Ethereum Classic Labs, the number of applications on the Ethereum Classic chain will increase rapidly, and the demand for ETC will also rise accordingly. By then, the total issuance of ETC will not exceed 230 million, which will become increasingly scarce, and its value is bound to soar!

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