Quick read
Comcast Ventures, the venture capital arm of Comcast, is bullish on blockchain. The company invested in blockchain accelerator Mstate earlier this month. And the managing director for Comcast Ventures, Gil Beyda, isn’t shy about letting the world know about his aspirations to strike it big with blockchain technology. “In 2018 we’re doubling down on blockchain,” says Beyda. (TechCrunch)
Key facts
Coin offerings are sexy. But media companies have specific needs that have nothing to do with coins.
Specifically for Comcast, blockchain technologies around royalty tracking, identity and digital rights management all sound appealing. (TechCrunch)
Smart take
Comcast Ventures won’t shy away from companies that want to go the ICO route. Those companies generate buzz and raise money. But don’t be surprised when Comcast Ventures invests in some decidedly unsexy ideas that focus more on utility. That’s where the long-term success will be.