Welcome to Blocksburg: Virginia Tech proposes initiative to grow blockchain hub
Virginia Tech is pitching a new effort to foster a blockchain industry hub in the region, at least in part to take advantage of a billion-dollar upstart putting down roots in Blacksburg.
Block.one represents a massive opportunity that should not be ignored, Virginia Tech Foundation CEO John Dooley said Friday.
The company is positioned as an early leader in the booming blockchain industry; it has a reported $3 billion in financial backing; it was co-founded by Christiansburg resident Dan Larimer; and it has expressed interest in growing its Blacksburg office.
If Block.one succeeds, so could Southwest Virginia — the theory goes.
Virginia Tech has requested $246,800 in state money through GO Virginia to help capitalize on the opportunity, plus $250,000 in matching funds. The Virginia Tech Foundation would contribute $190,000 of that, and the rest of the match would be split between localities from the New River and Roanoke valleys.
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