[2015-06-09] CD: Smart Contracts Platform Symbiont Raises $1.25 Million

[bryant.coleman]

http://www.coindesk.com/smart-contracts-platform-symbiont-raises-1-25-million/

Smart contracts platform Symbiont has closed a $1.25m seed funding round. The company – which plans to issue smart securities on bitcoin's blockchain later this year – received funds from investors including Duncan Niederauer, former CEO at the New York Stock Exchange (NYSE) and Matt Andresen, fomer co-CEO of Citadel Derivatives Group.

It is encouraging to see a lot of investments happening in the Bitcoin sector. But still I have a feeling that we are slowly losing the momentum.

[Kprawn]

Nope, I do not think we are losing momentum at all. A year ago the focus was on building APP's for Bitcoin and growing merchant adoption.

We are still doing that now, but people have also investigated the other possibilities that the Blockchain has on offer. Smart contracts will be the next big thing, and some early pioneers are exploring this option.

It is good for Bitcoin, if all features of the Blockchain are developed, not just the payment and currency part.