Chinese city Guangzhou announces $150M fund for “Outstanding blockchain projects”

The Chinese government is looking to subsidize blockchain projects, and the city of Guangzhou is leading the charge with a 1B renminbi ($150M USD) fund to be awarded to “outstanding blockchain projects.”



Guangzhou will be putting aside funds for a “blockchain subsidy” that will be awarded to promising projects. Reporter Dovey Wan (@DoveyWan) tweeted about the story earlier today and believes that other local governments will follow.