Crowd Machine Enters Into Strategic Partnership with YouBi Capital to Advance Promise of Tech For Blockchain Ecosystem
PRESS RELEASE: Blockchain-era leading investment team sees decentralized app development platform as the solution to scalability, security and interoperability issues facing blockchain technology
San Jose, CA United States & Toronto, Canada — 14 March 2018
San Jose, CA United States & Toronto, Canada, 14 March 2018 — Crowd Machine, the distributed computer for building decentralized apps at speed and scale, today announced a strategic partnership with YouBi Capital, beginning with a significant investment.
The partnership will create synergy between notable projects in YouBi Capital’s portfolio and Crowd Machine’s technology. To facilitate mass adoption of blockchain technology, both companies realize that scalability, security and interoperability are issues that need to be addressed in the ecosystem.
Crowd Machine tackles this in 3 parts:
- Crowd App Studio: allows virtually anyone to build blockchain agnostic applications and smart contracts easily and quickly using natural language, without knowing how to code
- Crowd Share: repository of app components so developers never have to start from scratch
- Crowd Computer: distributed computing environment (think sharing economy for the cloud) that runs on unused computing power on devices worldwide where anyone with or in need of resources can participate in a global computing network.
With the high demand for a small set of experienced developers, Crowd Machine gives projects the technology they need to easily build apps 45x faster than conventional approaches.
“YouBi Capital has an extensive network of impressive blockchain companies that share in the vision of a decentralized future in which anyone, anywhere can participate,” said Kurt Pfluger, CSO of Crowd Machine. “We thank the team for their vote of confidence as we prepare for our public sale and we look forward to helping them make that vision a reality through our tools.”
“Crowd Machine is building truly innovative blockchain development tools and a decentralised app ecosystem for the vertical integration of all blockchains. Crowd Machine is going to be one of the engines that drives the growth of decentralized applications this year. It is ahead of its competitors with a working product and paying customers,” said Herbert Zhang, YouBi Capital’s Co-Chief Investment Officer.
“Crowd Machine’s smart contract auto-generation feature will make it much easier to create smart contracts for all common blockchain networks. It will significantly lower the technical barriers to entry in blockchain so more developers can contribute to the blockchain ecosystem.”
The investment comes ahead of Crowd Machine’s ICO on April 1, 2018 for which pre-sales are underway. YouBi Capital actively invests in leading blockchain and blockchain infrastructure projects including EverMarkets, IoTeX, Aion and RChain Cooperative.
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About Crowd Machine
Crowd Machine is revolutionizing the blockchain and decentralized applications sector with technology from Metavine Lab. Coming out of stealth in November 2017, the project involves three core components. The Crowd App Studio offers the most comprehensive high productivity platform as a service available today, including complete application lifecycle management functionality. Crowd Share is a GitHub-like repository where app creators can post components of their apps and be paid whenever their source code is executed. Crowd Computer, a decentralized cloud computer planned for release in Q4 2018, will be used to run the decentralized apps built in the Crowd App Studio.
About YouBi Capital
YouBi Capital was founded by investment experts from Wall Street, early Bitcoin miners and senior cryptocurrency investors. Headquartered in New York, the United States, the existing three offices, located in New York, Toronto and Silicon Valley. YouBi Capital is committed to creating long-term investment value for the blockchain ecosystem by investing in the next generation of blockchain technology and disruptive decentralized business applications. At the same time, YouBi Capital vigorously carried out all-round cooperation with the top blockchain project team to help potential projects grow and bloom.
For more information, please visit:
www.crowdmachine.com
www.youbicapital.com
For media enquiries, please contact:
Ditto PR: Rosie Dale
rosie@dittopr.co
US: 925–286–4387
