In the ‘Futurama Innovators Summit 2018’ held by ‘Futurama Foundation’ made by the most influential experts in the world, ‘TrustVerse’ won the competition as the only Korean national team. (First place).
8 projects from around the world participated and competed in the event, held in Ibiza, Spain from September 10th to 13th.
Hosted by Foundation (Chairman Brock Pierce) and DNA Capital, this event was attended by celebrities such as Roger Ver, policy and administration officials from all over the world, major exchanges and abroad and venture capitalists.
The ‘TrustVerse’, which won the championship, is a digital asset project and corporation that provides information-based services through block-chain smart contracts such as donations and inheritance. Headquartered in Singapore and have R & D center in South Korea.
As a result of this victory, TrustVerse received a large amount of Ether as a prize along with the benefits listed on domestic and world-major crypto exchanges.
Michael Kiook Jeoung, TrustVerse CEO commented,
“After the rigorous screening by the Futurama Foundation, TrustVerse won, who is the subject of a blockbuster chain of experts, investors, and institutions…
It is of great significance that the most influential leaders in the global industry can help the project grow successfully…
We are talking about the ecosystem and the 1% to the Futurama Foundation.”
The evaluation was made in 3 stages in total. Step 1: Receive and evaluate documents Step 2: Pitch 10 min. Step 3: Interviews and discussions with judges. Evaluation criteria include economics, team members, business models, service models, operating models, and prototypes. The judges were former Obama administration advisor, World Bank policy officer, lawyer, exchange and venture capital officials.
Jung said,
“It is a very difficult contest because we select only one company in the world…
However, it is a good opportunity to save time and money on a project and to be listed on a famous exchange.”
Meanwhile, the Futurama Foundation, which organized the event, was formed to discuss the development direction of the with the participation of the most influential experts in the world.
It will cover not only technologies but also economics and philosophy. The summit was held in Dubai earlier than Ibiza. Usually, summit attendance is limited to 300 people. The ‘TrustVerse’ service, which won the championship, is expected to be launched around April next year.
Published at Tue, 14 May 2019 00:36:35 +0000
