MELBOURNE, AUSTRALIA / ACCESSWIRE / November 27, 2017 / NewStyle-CollinStar Capital, a market leader in blockchain infrastructure and cryptocurrency investments, launched its strategic development plan in Beijing on November 18, empowering the development of blockchain industry value chain and further optimizing the industry ecosystem with a series of alliances and investments. Ryan Xu, Chairman of NewStyle-CollinStar Capital, announced that NewStyle-CollinStar Capital would make strategic investments of 10 million US dollars in ENT Foundation and Hcash Foundation, launch strategic cooperation with a local government in southwest China to construct a Cloud Computing Industry Base, and establish a 300-million-US dollar blockchain industry fund with leading finance technology institute.
Ryan Xu launched the new strategic plan for NewStyle-CollinStar Capital
According to the strategic plan, NewStyle-CollinStar Capital would explore both horizontally and vertically in blockchain and cryptocurrency development. Horizontally, it will continue to expand the blockchain industry application layout and make investments in ENT Foundation and Hcash Foundation. ENT is the first world-class cryptocurrency project in Korea. This project was initiated by Aimhigh Global (KOSDAQ: 043580), a leading public Korean entertainment company. Asian superstars, such as G-Dragon and Taeyang, members of the popular boy band, BIGBANG, as well as Kim Jong-Koo, South Korean singer and TV personality, have joined the ENT ecosystem. It is expected that more world celebrities will take part in the project as the ecosystem grows.
With ENT's innovative features to integrate the blockchain technology and the Entertainment industry, Ryan Xu is confident that it will grow more rapidly to expand the application of blockchain technology.
NewStyle-CollinStar Capital signed contract with ENT Foundation
NewStyle-CollinStar Capital will also invest in the secondary market for blockchain technology. It has established strategic cooperation with AIMHIGH STADIUM to launch the blockchain exchange, BITKK, a public platform for blockchain financing. These moves will undoubtedly strengthen NewStyle-CollinStar Capital's leadership in blockchain and cryptocurrency industry.
Vertically, NewStyle-CollinStar Capital plans to join hands with various partners to promote the overall development of blockchain technology. In the press conference, it announced a strategic partnership with Yilong District Management Committee, Qianxinan Prefecture in Guizhou province of China to construct a Cloud Computing Industry Base. Also, the partnerships with Rushni Finance, Skylight Investment will further expand the fund to 300 million US dollars (RMB 2 billion) and provide opportunities to develop the blockchain technology and expand its application.
NewStyle-CollinStar Capital announced strategic partnership with Yilong District Management Committee
The blockchain technology is an emerging decentralized architecture and distributed computing paradigm underlying Bitcoin and other cryptocurrencies. It has recently attracted increased attention from governments, financial institutions, high-tech enterprises, and the capital markets. Blockchain technology has been applied in the fields of IoT, smart manufacturing, supply chain management, and digital asset trading, and it has the potential to bring fresh opportunities and innovations to Big Data, Cloud Computing, and other state-of-the-art information technologies. NewStyle-CollinStar Capital believes that with the development of AI, IoT, blockchain and other new technologies, blockchain's characteristic of decentralization, dependability, and immutability will exert more significant roles in technology advancement. With its unique strategic plan, NewStyle-CollinStar Capital will establish an optimized industry ecosystem across the whole blockchain industry. This strategy may bring new ideas to other enterprises and lead to more innovations in the industry.
About NewStyle-CollinStar Capital
NewStyle-CollinStar Capital is a prominent investment organization dedicated to global blockchain cryptocurrency technology investment and digital asset operations. It is a joint venture between NewStyle Capital and CollinStar Capital. The company funds and manages digital-currency exchange, cryptocurrency mining and other related businesses in the blockchain and cryptocurrency industry.
About ENT
ENT is Korea's first world-class blockchain cryptocurrency project that was initiated by Aimhigh Global (KOSDAQ: 043580). It is a public blockchain infrastructure connecting global entertainment activities, supported by over ten superstars before its release. The entertainment industry creates rigid demand for digital payment. With its unified digital payment solution (ENT Cash) and social network platform, ENT provides a pathway for the global entertainment industry to enter into the blockchain era.
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SOURCE: CollinStar
