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Chain News, NewStyle Capital in Silicon Valley announced that it will become the Algorand main network node, and said that the investment Taiwan Exchange BitAsset will also open the Algo to Fiat trading pair and launch the node fund.
NewStyle Capital is an early investor of Algorand, participated in several rounds of early funding of the project and maintained a long-term strategic partnership with the Algorand core team and support Algorand's ecosystem development.
According to Block123.com, NewStyle Capital was established in Dune Road, Silicon Valley in 2015. The investment portfolio covers entertainment, financial technology and blockchain technology. It is an early investor in companies such as Ant Financial and AStory.
Algorand is a blockchain protocol project funded by Turing Award winner and MIT professor Sivio Micali. It is dedicated to using a platform that enables to find the balance between decentralization, scalability and security to address "Blockchain Impossible Triange" problem.
In October last year, it announced the completion of US$62 million in equity financing, and this year on June 19th, it sold US$60 million Algo tokens in a Dutch auction.
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