Bitcoin has been a great cause for celebration all around the world, ever since its inception in 2009. Not just because it can be used as an investment vehicle or an easy way to transfer money between users, but rather because of its sheer potential. Not to mention the number of jobs the Bitcoin industry has created over the past few years. And to accommodate that growth in jobs, we need more incubators to “foster” Bitcoin startups.
Bitcoin Center NYC – Twice-Weekly Bitcoin Meetups
New York is a very interesting area in regards to Bitcoin. It is mostly known for its “Bitlicense” proposal, a draft to regulate Bitcoin exchanges and business in a rather strict way. Understandably so, as Bitcoin is a new breed of technology that most people struggle to grasp properly. You could even go as far as saying that Bitcoin technology is far ahead of its time, which makes the job of regulators no easier.
There are multiple efforts underway in order to educate people on Bitcoin – the monetary aspect, the technology, trading, et cetera. One of the most notable projects in the New York area is Bitcoin Center NYC, a location where like-minded people can get together twice a week to be educated on and experience the magic of Bitcoin in person.
One of the most interesting facts about Bitcoin Center NYC is its location. By hosting weekly Bitcoin meetups a stone’s throw from the New York Stock Exchange – disruptive technology vs. the current financial infrastructure – this 6,000 square feet facility has positioned itself on bringing Bitcoin to New York one way or another.
During these twice-weekly Bitcoin meetups, part of the agenda is always reserved to educate novice users and newcomers on Bitcoin itself. After all, without properly understanding the concept and idea behind Bitcoin and its technology, there is no incentive to start exploring further, let alone getting actively involved.
But that is not all, as Bitcoin Center NYC tries to invite as many high-profile speakers as they possibly can. In their latest email, Bitcoin Center NYC mentioned they would have a special speaker from one of the many Bitcoin startups, which just goes to show you that a lot of people are willing to speak at these twice-weekly meetups.
Launching a Bitcoin Incubator
When Bitcoin Center NYC first announced their plans of launching their Bitcoin incubator, it seemed like a bit of an odd choice. But if you have been paying attention to the venue, or their newsletter emails, you may recall the building offers free co-working space on a daily basis, courtesy of Bitcoin Center NYC. So why not put some of that space to good use for up-and-coming bitcoin companies?
“We are very busy with our incubator and seed accelerator,” Lilic said. The Bitcoin Center has invested in a number of “exciting and compelling” tech startups working on blockchain innovations. All of this is made possible because we are uniquely positioned to observe the incredibly rapid growth of this sector. Smart money venture capital and Wall Street has already moved into the tune of hundreds of millions of dollar, and this is just the very beginning. We are positioning ourselves by investing in our companies.’ John Lilic, Head of Investor Relations & Operations at Bitcoin Center NYC told the media.
While the original focus of Bitcoin Center NYC was on educating novice people on Bitcoin – which will always remain a key element of this location’s intentions – the focus has shifted a bit towards a more developer-centric space. On top of that, their tech incubator will be the “main” project for this year, and if successful, many years to come.
In order to kick off their incubator program, Bitcoin Center NYC has made several investments in various Bitcoin startups. Some of these names may sound familiar to you, as the likes of Blockchain Apparatus, Cryptos and LiveryCab are included; a nice selection of companies to get things started, and that list will hopefully grow as time progresses.
Source: BitcoinMagazine/Bitcoin Center NYC Weekly Newsletter
All images courtesy of Bitcoin Center NYC.