Three stories
Overstock is looking to exit its blockchain-related investments, CoinDesk’s Tanzeel Akhtar reports. The online shopping giant that went in on crypto-hype will now spin out its blockchain-focused subsidiary, Medici Ventures, into a managed fund.
- Overstock will remain a limited partner, with the venture firm Pelion Venture Partners taking lead over the $45 million fund, if approved. Overstock will also retain a direct minority equity interest in the blockchain technology firm…
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