FOR IMMEDIATE RELEASE
NEW ALBANY, OH – December 16, 2017 – 10XTS, a leading blockchain technology company, was honored to present “The Startup Cryptoconomy” as part of the TIGER Talk series at Innovate New Albany in Columbus, Ohio. Michael Hiles, CEO of 10XTS, addressed a record-breaking crowd, attracting so many attendees that the presentation was live-streamed to side conference rooms to accommodate the overflow. Hiles’s presentation delved into the transformative potential of blockchain for early-stage fundraising and venture capital, exploring how blockchain-based Initial Coin Offerings (ICOs) are reshaping traditional startup funding models.
Blockchain’s Disruption of Startup Capital and Venture Funding
As the blockchain industry surges, 2017 saw more capital committed to blockchain-based fundraising than traditional venture capital for early-stage startups. ICOs, a new fundraising model allowing companies to raise capital through blockchain token sales, are generating tens and even hundreds of millions of dollars within hours. Hiles’s presentation, “The Startup Cryptoconomy,” examined how this paradigm shift is challenging the venture capital industry and startup financing norms, as well as the regulatory implications of this rapidly evolving space.
Hiles showcased the evolution of token offerings, illustrating how companies are now able to fund innovation and expansion through blockchain while bypassing traditional VC channels. With the introduction of blockchain tokenization, Regulation Crowdfunding, and an increasing demand for liquidity by early-stage investors, the capital-raising environment has undergone a profound transformation. Hiles emphasized that the appetite for liquidity among investors could potentially drive structural changes in equity and token offerings, spurring startups and VCs to explore tokenized funding models.
“The explosive rise of ICOs and token sales is creating a new ‘cryptoconomy,’ opening up fresh avenues for capital and changing how early-stage funding operates,” said Michael Hiles. “Startups and investors alike are recognizing that blockchain can offer liquidity and flexibility that traditional VC structures cannot match, and we’re excited to share insights on how this market is developing.”
Hiles discussed several real-world examples, analyzing the ways in which both startups and venture capital funds are navigating the emerging cryptoeconomy. He outlined potential solutions to the liquidity challenge for early-stage investments, as well as the regulatory hurdles associated with tokenized funding. His presentation underscored the need for thoughtful approaches to token structures that balance liquidity demands with compliance.
Innovate New Albany: Supporting Innovation and Emerging Technology
Innovate New Albany’s TIGER Talk series is designed to connect Columbus’s entrepreneurial community with thought leaders and industry experts in technology, innovation, and growth. Innovate New Albany’s Executive Director, Neil Collins, expressed enthusiasm for Hiles’s insights on blockchain, emphasizing the value of exposing the local entrepreneurial community to groundbreaking developments in technology.
“We’re excited about the possibilities of blockchain and cryptocurrency and look forward to more engagement with 10XTS,” said Collins. “The strong turnout for Michael’s presentation reflects the community’s eagerness to learn more about these game-changing technologies and their potential to shape the future of business.”
Established in 2010, Innovate New Albany serves as the city’s primary incubator for startups, entrepreneurs, and small businesses. As a City of New Albany initiative, Innovate New Albany provides private office suites, coworking spaces, conference rooms, event facilities, and more, creating an ideal environment for emerging businesses to grow and thrive. Innovate New Albany’s commitment to fostering entrepreneurship has made it a crucial hub for the city’s innovation ecosystem, providing resources and opportunities for growth that attract top talent and support promising ventures.
10XTS and the Upcoming XDEX Platform: A New Standard for Blockchain-Based Funding
In early 2018, 10XTS will introduce XDEX, a blockchain-based platform designed to address the unique funding and capital management needs of the private equity, early-stage capital, startup, and venture capital markets. XDEX leverages blockchain’s secure, transparent infrastructure to create new levels of efficiency in cap table management, tokenized assets, and capital fundraising. By providing solutions that enable enhanced liquidity, streamlined compliance, and secure data handling, XDEX positions 10XTS as a leader in blockchain-driven asset management, delivering practical tools for today’s rapidly evolving financial landscape.
10XTS’s commitment to advancing blockchain technology aligns with the growing demand for innovative funding models within the startup and venture capital community. XDEX’s release aims to address the challenges presented by traditional early-stage investment models while offering a secure, blockchain-based solution for tokenized assets and capital management. As ICOs and blockchain-based funding continue to disrupt the market, XDEX is set to become a valuable asset for businesses and investors alike, delivering the tools needed to navigate this new financial frontier.
About 10XTS
10XTS is a blockchain technology company focused on delivering secure, efficient, and transparent solutions for asset management and data handling. With a commitment to providing innovative tools for capital markets, 10XTS empowers businesses, investors, and entrepreneurs to leverage blockchain’s transformative potential. Headquartered in Cincinnati, 10XTS is actively involved in the regional tech ecosystem, working alongside partners like Innovate New Albany to advance the understanding and adoption of blockchain technology.
About Innovate New Albany
Innovate New Albany is New Albany, Ohio’s hub for startups, entrepreneurs, and small businesses. Established in 2010 and funded by the City of New Albany, Innovate New Albany offers office space, coworking facilities, event areas, and other resources to support the growth of local businesses. By hosting programs like the TIGER Talk series, Innovate New Albany connects the entrepreneurial community with thought leaders, fostering an environment where innovation thrives and businesses can succeed.
Media Contact
10XTS
Email: info@10xts.com
Website: www.10xts.com
