New York gets its very own Blockchain Center. Launched by the New York City Economic Development Corporation (dubbed NYCEDC), the center is part of a collaboration with the venture capital fund Future\Perfect Ventures and the Global Blockchain Business Council trade organization.
The center is aimed to support the astounding growth of blockchain projects and the towering demand for blockchain developers. The facility will deliver everything from coding classes to lectures aimed at both developers and the general public.
New York City itself has devoted $100,000 to the new Blockchain Center and the announcement says it will continue to raise funds through corporate partnerships and membership dues. Microsoft Corporation and IBM have already collaborated with the center. - reported
Bloomberg.
The move comes at a time when a number of crypto startups are laying off employees because of an ongoing bear market, but this is not necessarily a worry for the facility.
“We are playing the long game. It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year. While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.” Ana Arino, chief strategy officer with the EDC, told Bloomberg.
Moreover, the Center will also work to advance regulations in the Blockchain domain.
Regarding blockchain sector, NYCEDC
says
“Blockchain is a growing sector in New York City with the potential to create thousands of good jobs. Blockchain job postings increased by more than 800% between 2015 and 2017, according to Burning Glass. In 2017, venture capital investments in New York City-based blockchain businesses grew to over $199 million.”