Fund manager Novogratz agrees to advise ethereum-based digital coin exchange
https://www.cnbc.com/2017/10/16/mike-novogratz-agrees-to-advise-ethereum-based-digital-coin-exchange.htmlNovogratz has said he agrees bitcoin may be in a bubble but is willing to bet on profits on the way up. Now he is attaching his name to a young digital coin project based on the technology of digital currency ethereum.
The New York-based token exchange project, called AirSwap, raised the equivalent of about $35 million in a token sale last week and plans to launch early next year. AirSwap will allow individuals to directly swap tokens, or digital coins. The model resembles how Craigslist eliminates the need for an agent by linking buyers and sellers.
I'm "fascinated to see the next wave of innovation in decentralized exchanges, and find AirSwap to be a well-thought out platform with a fantastic team," Novogratz said in a statement to CNBC. "We continue to be excited about the ongoing developments in the ethereum ecosystem."............