Crowdfunding Giant Indiegogo began supporting ICO projects


The platform for crowdfinding Indiegogo announced the beginning of support for start-ups using the blockсhain-financing models. This writes The New York Times.

The initiative is implemented in partnership with MicroVentures and offers accredited investors the so-called SAFT (Safe Agreement for Future Tokens).

The first such project was the Fan-Controlled Football League, with which fans of American football can influence the game of their favorite teams in real time. At the time of publication, the project attracted $ 967,000 from 35 investors.

“For us, it’s just a new way of doing what we’ve been doing for the past decade. We are ready to become one of the main platforms for selling and investing in digital tokens and other block-assets,” the report said.

The Indiegogo site was launched at the beginning in 2008 and has since become one of the largest projects in the crowdedging ecosystem, so the announcement of ICO support proved to be a logical and expected step.

“Supporting the ICO, we want to raise the level of confidence in the industry as a whole,” said co-founder of Indiegogo Slava Rubin.

He also added that as part of the initiative, Indiegogo enlisted the support of the law firm Cooley LLP.

Recall, the model for raising funds SAFT is compatible with the legal norms of the stock market, tax laws and financial services in the US. White paper SAFT was introduced in October this year by representatives of Cooley LLP and Protocol Labs.

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