Digital currency Bitcoin definitely took over the market this year, going from $1,000 at the start of 2017 to hitting a high of $19,000 latterly. While there are a number of factors driving Bitcoin’s popularity, perhaps the most notable is the role that blockchain technology plays.
For those who don’t know, blockchain is a revolutionary technology that supports virtual currencies, and some have even gone as far as saying that its potential is so vast that it could actually surpass the popularity of the Internet. To no surprise, this potential has caused major investments, and thanks to playing a leading role in the blockchain sector, companies like Victory Square Technologies (CSE:VST) are reaping all of the benefits.
(What’s the Story) Victory Square Technologies
Based in Vancouver, British Columbia, Victory Square Technologies has a market capitalization of $108 million and has a unique position in the blockchain sector. Why? Because the company itself is an incubator of blockchain corporations.
Essentially Victory Square Technologies looks to find blockchain companies that can bring something unique and innovative to the table. If they can do this, Victory Square will move them to an office that is more central, in which they can reach out for marketing assistance as well as partnering with other blockchain corporations that are in the company’s investment portfolio.
Not too long ago, Victory Square Technologies was chosen to be the latest member of the Blockchain Investors Consortium, which is a leading corporation that deals with worldwide investments in digital assets.
Over the course of the past two months, Victory Square Technologies has witnessed its share price soar to $1.95. For perspective, it used to be sitting at $0.30.
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