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Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures now has a 10 percent stake in agricultural blockchain firm GrainChain, with the option to acquire an additional 10 percent. Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, […]

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Blockchain Cryptocurrency Food Overstock Supply Chain

Overstock’s Medici Ventures Invests in Blockchain Platform to Fight Wine Counterfeits

Overstock’s investment subsidiary Medici Ventures has funded a blockchain project aimed at fighting wine counterfeit. Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, […]