The founder of VC firm Boldstart Ventures is launching the first accelerator dedicated exclusively to startups building on the Hyperledger Fabric blockchain.
With previous exits that include a $120 million deal with Google, investor Ed Sim today announced Fabric Foundry – a project that finds him emerging as the latest in a line of tenured investors to express confidence in blockchain technology.
But the accelerator can also be seen as part of a more specific and recent trend: As an increasing number of open-source blockchains go online, institutional funds are proving essential to jump-starting development.
In conversation with CoinDesk, Sim positioned the accelerator as a potential pipeline that could feed Fortune 1000 enterprises hoping to capitalize on the increased efficiency of using shared, distributed ledgers.