PAID Network is proud to announce FUEL, a joint venture with its parent company Master Ventures, a blockchain-focused venture studio that builds the next generation of infrastructure companies to drive blockchain adoption worldwide.
FUEL will leverage Master Ventures’ years of advisory experience in the blockchain space, proven incubation expertise, and will gain access to its global network of investors to raise the awareness of the projects it incubates. In addition, FUEL will utilize Ignition, PAID’s decentralized IDO sales platform, to list its incubation projects, supporting them through PAID’s strategic marketing resources, counting on over 1.4M social media following, and receive wide-scale exposure from over 50 of the top crypto influencers and key opinion leaders in the blockchain industry across Twitter, Telegram, Youtube, TikTok and Reddit.
A Most Valuable Venture
Since its launch, PAID’s team has been hard at work building its SMART Agreement DApp to redefine how current businesses ensure that they #GetPAID. PAID looking to further redefine how we do business, has recently announced its decentralized IDO sales platform, Ignition, that will list only the top crypto projects. Ignition’s incentive mechanism will require PAID’s token holders to hold its tokens as a requirement for participation in all upcoming IDOs, as well as the tokens of the project’s it lists. This move will ensure sustainable growth for FUEL’s projects, leading to more gains for holders in the long run. Now, with this joint venture with its parent company, Master Ventures, PAID will create even more value for our partner’s projects under a proven incubation program designed to catapult projects from ideation to market launch.
The new joint venture will create a dynamic program to promote and accelerate projects from ideation to launch.
FUEL will kickstart its projects, taking over the heavy lifting so projects can focus on building their product instead. FUEL will help its projects gain capital from the very same people who funded Coinbase. It will also offer its projects business development, project awareness, and advisory from the same team that grew Elrond, Ultra, and PAID Network, essentially Igniting its projects as they go to market.
About Master Ventures
Master Ventures is a blockchain-infrastructure venture studio, focused on developing the next generation of blockchain-based Web 3.0 system’s innovations, within the crypto industry. Launched in 2018 by Founder and CEO Kyle Chassé, our company’s ethos can best be summarized in the acronym #BeBOLD: Benevolent, Open, Love, Decentralization.
At Master Ventures, we co-create with entrepreneurs and businesses worldwide to turn the best ideas into disruptive market-defining products. We do this by investing in projects as strategic partners and offering advisory services to projects we believe in. To date, Master Ventures has invested in Binance Labs, Arrington XRP Capital, NGC, Fenbushi, and Kenetic Capital; while also advising several Tier 1 projects including UBANX, EVEN Network, Ultra.io, and Elrond.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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