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The last crypto-related news from the state of Ohio showed that the state is all set to become a leading member in the tech world as it became the first state to accept Bitcoin as payment for taxes for businesses. Now, a recent report from Northeast Ohio news outlet, Cleveland, stated that the state is not ready to play second fiddle to any state. It has embarked on a project worth hundreds of millions to ensure it sets the tech trail for others to follow.
This project would see over eight fund ventures including JumpaStart and FlashStart pump hundreds of millions into blockchain-focused startups. JumpStart has pledged a sum of 100 million USD while the local venture fund and business accelerator, FlashStart, has planned to join in the project with a total of 6 million USD. According to the Chief Executive Officer of JumpStart, Ray Leach, other interested teams, yet undisclosed, have plans of supporting blockchain startups with a total of 200 million USD within a time frame of three years.
