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Dimension [EON] secures strategic investment from Fenbushi Capital

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Dimension [EON] secures strategic investment from Fenbushi Capital

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Dimension Foundation, the Singapore-based non-profit behind the commercial blockchain project Dimension [EON], had just announced a new strategic investment from Fenbushi Capital, the most active blockchain-focused venture capital firm in Asia and also known as the early institutional backer for Vitalik Buterin’s Ethereum project.

Founded in Shanghai in 2015, Fenbushi Capital had supported over 60 leading blockchain projects across global and actively worked as a long-term strategic partner to its portfolio projects.

The CEO of Dimension Foundation, Fernando Liu, stated,

 “We are excited to see such a significant player in the space acknowledged our core value and philosophy. We will further extend the depth of our blockchain development and improve our business applications, and this is to achieve a simple goal – to provide a business blockchain that every business can easily adopt with.”

The project Dimension was initiated in the mid of 2017, with a mission to provide an easy-blockchain solution for business & commercial users. The on-going development is under the collaboration with a Hong Kong-based blockchain research institution – ABC Labs, and the project has been in progress for more than one year. Dimension expects its main net launch in Q4, 2019.

Additional information about Dimension can be found at the website.

About Fenbushi Capital

Distributed Capital is the first blockchain-focused venture capital firm in China. It aimed to accelerate blockchain technology-related companies and was one of the first Venture Capital funds for Ethereum. The mission of Fenbushi Capital is to support a wide range of blockchain-related start-ups and to drive the development of token economies and finance technologies.

About Dimension [EON]

Dimension [EON] was founded by Fernando Liu in 2017. The mission is to provide an enterprise-grade blockchain network service that focuses on cross-chain interoperability and privacy protection while solving flexibility, availability, and scalability issues on distributed networks, in order to help businesses achieve better network efficiency and data security.

Disclaimer: This a paid post, and should not be treated as news/advice.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
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