Chief Executive of Overstock, Patrick Byrne, is so sure about the crypto future, that he will sell all of Overstock’s business and focus on blockchain & crypto-related spaces, according to WSJ.
Overstock is an American e-commerce retailer, which is sell furniture, decor, and other home-related goods.
As is states, previously Overstock has invested approximately $175 million in its venture fund Medici Ventures Inc. that owns tZero — Overstock’s blockchain trading system.
Medici Ventures Inc. also has in its inventory a certain amount of startups developing new uses for DLT tech and other cryptos
It also states that one of the Medici Ventures Inc. startups has been already collaborating with the Rwandan government in the sphere of the digital property-rights platform development.
Earlier, the largest Japanese shipping company in the world, Nippon Yusen K.K., announced it would pay its workers salary in its own digital currency. Other well-known business magazine Forbes also announced partnership with Ethereum-based platform Civil to start experimenting with publishing to the Civil blockchain.
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