Blockchain and cryptocurrencies continue to be red hot entering 2018. While the naysayers point to Bitcoin’s rough year end in December, they neglect to mention that total cryptocurrency market capitalization has now reached over $750 billion. Blockchain companies are also on the rise, and Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6), a blockchain incubator, is one company showing promise.
The so-called ‘cryptocurrency crash’ of December 2017 was nothing but a bump in the road for cryptocurrencies. The year end losses that incurred have quickly recovered in value and are continuing to rise. Bitcoin’s dominance over the entire market has been greatly lessened, but cryptocurrencies as a whole have continued their upward trajectory.
Consider Ethereum and Ripple, the two other major cryptocurrencies, which have seen their value appreciate by 109% and 1,300%, respectively, over the past month. Even Bitcoin, despite the recent price drop, continues to remain highly popular, with the Wall Street Journal reporting that billionaire Peter Thiel’s venture capital firm Founders Fund had invested $15 to $20 million into Bitcoin.
Blockchain Applications – Cryptocurrencies Are Just the Tip of the Iceberg
Cryptocurrencies may currently be the most popular application of blockchain technology. But blockchain technology has so much more to offer, and innovative companies that are unlocking the full potential of blockchain have shown great promise.
One company is BTL Group (TSXV: BTL) the first publicly traded blockchain company. Its main product, Interbit, is using blockchain technology to improve enterprise applications. In 2017, its stock returned over 1,100% to investors and currently has a market capitalization of approximately CAD $285 million.
Instrumental to BTL Group’s success was Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6), a blockchain focused venture builder and technology incubator specializing in companies disrupting sectors in virtual reality, artificial intelligence, personalized health, gaming and film. BTL Group was the company’s first blockchain-related investment. Its funding and business guidance helped BTL Group’s business grow to the position it is in today.
Victory Square Technologies’ (CSE:VST) (OTC:VSQTF) (FRA: 6F6), business model is to invest in select startups and entrepreneurs, giving them access to educational programs, a global network of mentors, distribution partners, creative workspaces, resources and operational support to help them scale internationally. The company has a network of over 80 business accelerators globally, with more than 20 accelerator partnerships located in developing tech hubs.
Picking the right companies can be a challenge for even the most knowledgeable investor, which is why specialist companies like Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) have been so valuable.
Victory Square Technologies Has A Track Record of Success That Keeps Growing
Since the success of BTL Group, Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) has amassed a consistent track record of success. One of its wholly-owned subsidiaries, FansUnite Media Inc. is using blockchain technology to disrupt the over $40 billion sports betting market. The company is also planning to launch its own “FAN” token via ICO. Thus far, Victory Square’s initial investment in FansUnite has already led to an ROI in excess of 900%.
Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) also recently announced that it would acquire 20% of Multapplied Networks Incorporated, an enterprise software defined wide area networking (SD-WAN) company. MNI is focused on using its software to facilitate the goal of a global decentralized internet. It already has major partners on all continents and is on track for over $1.2m in revenues for 2017 with over $3m projected for 2018. This kind of disruptive technology is precisely the kind of company that Victory Square looks to nurture and invest in.
Finally, in a move that will benefit all of Victory Square’s portfolio companies, the company also recently unveiled Blockchain Assembly Inc., a dedicated blockchain and crypto investment and advisory services firm.
With total ICO funding standing at $3.7 billion in 2017, Blockchain Assembly is well positioned to take advantage of this market opportunity. Blockchain Assembly has already has netted Victory Square an ROI of over 2,000%.
Victory Square Technologies Continues To Expand Its Footprint
The industry has certainly taken notice of Victory Square’s success. The company was recently admitted to the Blockchain Investors Consortium, an organization that is the leader and pioneer in digital asset investment. With over $2 billion of digital assets under management, the company’s inclusion will give it even greater access to early stage-ventures and experienced investors.
Here’s what Mike Costache, the founder of the consortium, had to say about Victory Square Technologies’ (CSE:VST) (OTC:VSQTF) (FRA: 6F6) inclusion:
“We’re extremely excited to have Victory Square join the Blockchain Investment Consortium. They have a proven track-record of incubating and investing in successful platforms and will play an important role in performing shared due-diligence to identify the most promising investment opportunities. We continue to align ourselves with key global strategic partners who will enhance our group’s ability to identify and deploy capital into promising blockchain ventures.”
Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) continues to attract top talent to its already highly experienced management team. The co-founder of BTL Group, Guy Halford-Thompson recently joined Victory Square’s advisory board. The company also appointed Pavel Bains, Chief Executive Officer of Bluzelle Platform Pte. Ltd. as a strategic advisor. Bluzelle is a decentralized database service where users are able to rent out their computer storage space and be compensated with a cryptocurrency token. Victory Square will also be purchasing $500k of Bluzelle tokens with an additional 25% bonus tokens as an early contributor.
A Blazing Hot Potential $10 Trillion Market
Today’s tech giants are also not far behind. Microsoft and Israel’s Bank Hapaolim are collaborating on a blockchain-based platform to create digital bank guarantees. And sharp eyes have spotted a patent application by Apple to certify timestamps using blockchain technology.
In many respects, the blockchain boom is similar to the tech boom of the nineties. And just like the tech boom, while the technology will continue to move forward and progress, only a minority of blockchain companies will be able to do the same.
The bottom line is that despite all the hype, people are only beginning to explore its full potential, and the market can’t seem to get enough of it. CNBC notes a recent report Royal Bank of Canada Capital Markets Analyst Mitch Steves says that cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years.
The blockchain market is so hot that even the mere mention of the word or adding the word blockchain to a company’s name can send a company’s stock price soaring. Longfin Corp. (NASDAQ: LFIN) went from US$5 to US$142 in a couple of days after it had acquired Ziddu.com. NXT-ID Inc. (NASDAQ: NXTD) rallied 138% on news of its mere intent to develop a platform converting cryptocurrency to retail-accepted currency. On Track Innovations Ltd (USA) (NASDAQ: OTIV) nearly tripled after citing vague development of bitcoin capabilities on Monday, and Long Island Iced Tea Corp. changed its name to Long Blockchain Corp. (NASDAQ: LTEA) and jumped by 289%.
A Safe Method for Adding Blockchain Exposure to Your Investment Portfolio
Investing directly in cryptocurrencies is highly risky given the volatility, and many future blockchain tech giants are still in their infancy. Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) offers investors easy access to the full spectrum of blockchain investments.
In 2017, its stock returned 110% to investors. With a current market cap of CAD $188 Million, 2018 looks to be an even more promising year for the company as the various milestones achieved by the company in 2017 bear fruit. With the blockchain boom only accelerating, Victory Square Technologies (CSE:VST) (OTC:VSQTF) (FRA: 6F6) is one stock investor’s should consider adding to their watchlist.