From everyone on the team, we are excited to announce that the DigitalBits Project has been selected as a finalist in the 6th round of the Axonomy Competition! Axonomy (Distributed Business Accelerator) is the major investment body of the Wanxiang Blockchain ecosystem for global blockchain startups. Axonomy incubates high potential projects through an innovative hybrid system, combining decentralized community voting with a centralized final investment decision. DigitalBits is proud to be part of a community that truly believes in the potential of blockchain technology.

DigitalBits CEO Al Burgio presenting at Wanxiang Blockchain Labs

Over the course of September 2018, the DigitalBits core team set out on a tour of Asia, with a mandate to expand reach and project awareness. Acknowledging the advancements made in blockchain technology within the Asian community, this tour allowed DigitalBits to connect with some of the worlds brightest blockchain minds.

Thanks to an introduction from the Blockchainer, DigitalBits was invited to meet with Tom Tao, Head of Wanxiang Chainbase Accelerator, and the team at Wanxiang Labs. After sharing our vision of a global token economy and discussing how DigitalBits would contribute to this goal, we were deemed to have created a note-worthy project and invited back to participate in the 6th round of the Axonomy competition. Involvement in this program grants DigitalBits access to support and a community vote, furthering establishing DigitalBits within the Asian community.

Fenbushi Capital, Wanxiang Labs & the Blockchain Ecosystem

Wanxiang Labs is the only LP of Fenbushi Capital, the first China-based venture capital firm to invest solely in blockchain projects. A non-profit research institution focused on the development of Blockchain Technology, Wanxiang Labs provides support for research, entrepreneurship, developments, and applications within the industry, in addition to providing reference information for regulatory bodies. Wanxiang has assumed a pivotal role in the progression of blockchain on a global scale, and was instrumental in assisting many teams in the development of their respective blockchain projects.

Wanxiang Labs, co-founded by Vitalk Buterin, provided the leading smart contract platform with early support. Vitalik is stilled maintained on their board, alongside other industry heavyweights such as Jed McCaleb and David Mazières of Stellar. The organization’s support of blockchain during its early stages is indicative of its vision.

In Blockchain We Trust

Wanxiang Labs and Axonomy’s efforts in the blockchain space are a true representation of their belief in blockchain and the cryptocurrency ecosystem, embodying their vision of, “In Blockchain We Trust.” We’d like to thank Axonomy for having us a contender, and look forward to contributing towards the vision of bringing blockchain to society! Vote DigitalBits!