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Aeternity Ventures, the venture capital arm of the Aeternity blockchain project, announced today that it will make a total investment of $1.3 million in 9 different startups that recently completed the month-long aeternity Starfleet incubator program.

According to the announcement, the nine projects were chosen from a handful of applicants and received 1 on 1 mentoring from the aeternity team over the month-long incubation period.

Aeternity plans on investing $200,000 in UTU Technologies, a trust ecosystem for the sharing economy and $100 in AMPNet, an integrated hardware and software suite. The remaining $1,000,000 will be distributed amongst the remaining teams: TRADEXsocial, NOBLE, Tip-me, Ride Safe Africa, YAIR, TRIBE, and Data2Honey.

In a statement accompanying the announcement, Nikola Stojanow, CBDO of aeternity and CEO of aeternity Ventures, shared how impressed he has been with the supported projects, which come from countries including Kenya, Croatia, Austria, and Germany.

The finalists have demonstrated an innate ability to take our feedback and fine-tune their business model and roadmap accordingly. I’m very excited to see the project progress to the next phase of development.

Aeternity’s AE price has been relatively flat over the last month, dropping from $2.10 to $1.83. The project now boasts a market cap of $425 million, ranking it as one of the highest valued in the world.

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More: Aeternity’s blockchain incubator to invest $1.3 million USD in 9 projects
Related: Mithril Launches a Crypto Venture Fund

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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