Apple Co-Founder Wozniak Joins Crypto Startup Equi

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Apple Co-Founder Wozniak Joins Crypto Startup Equi

According to NullTx, Apple Inc. (AAPL) co-founder and bitcoin supporter Steve Wozniak, often known as Woz, has revealed that he would be collaborating with investment-focused cryptocurrency startupEqui Capital. (See also: Steve Wozniak: Bitcoin Scammer Stole My Bitcoin.)

The well-known IT expert has long been a supporter of the blockchain technology that underpins cryptocurrencies. His first direct participation with a bitcoin startup will be this. While Wozniak did not specify his position at the firm, he did state that it would be situated in Malta and that it will debut around the time of Malta’s blockchain conference, which is set for early November. Using analogies to nations that are “extremely supportive” about a certain technology, such as electric automobiles, Wozniak explains his choice of Malta for its favorable regulations regarding blockchain and cryptocurrency enterprises.

Equi’sCheckered Past

Equi Capital seeks to replace conventional investment companies by acting as an investment firm and making investing in business stock more accessible to ordinary investors. EQUI blockchain is a blockchain platform. The initiative has a hybrid structure that combines venture capital-style finance and crowdsourcing, allowing people to invest native Equi coins in chosen companies through the platform. Equi, on the other hand, has had a difficult ride so far. It used the usual initial coin offering (ICO) approach to create its token, however it failed owing to a lack of demand and missed objectives. According to reports, the auction was canceled, and refunds were handed to pre-sale investors. It will be intriguing to observe how Wozniak’s involvement impacts the venture’s growth.

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Wozniak was cited as stating, “Our approach is not like a new currency, or anything fake where an event would cause it to grow up in value.” It’s a stake of stock in a corporation. This organization invests in items like residential developments in Dubai by investors with a long track record of success. One of our group members has offered a whole residential complex for bitcoin.”

While Wozniak continues to be a big supporter of bitcoin, referring to it as “digital gold,” he is as enthusiastic about ethereum and thinks that its usage will be comparable to that of Apple, since hundreds of apps may be built on the network. “Ethereum gives you the tools to create your own blockchain application… “I think more people are utilizing Ethereum in this manner,” Wozniak said. (See also: Steve Wozniak: Ethereum Could Be the Next Apple.)

Investing in cryptocurrencies and Initial Coin Offerings (“ICOs”) is very dangerous and speculative, and neither Investopedia nor the author suggest that you do so. Because every person’s circumstance is different, a knowledgeable specialist should always be contacted before making any financial choices. Investopedia makes no guarantees or warranties about the accuracy or timeliness of the information provided on this site. The author owns no cryptocurrencies as of the day this post was published.

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