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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Application Development
arcblock.io

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Stage

Loan | Alive

Total Raised

$1.75M

Last Raised

$250K | 2 yrs ago

About ArcBlock

ArcBlock is a software development company that helps companies use blockchain technology to create apps.

ArcBlock Headquarter Location

1510 140th Avenue NE Suite 201

Bellevue, Washington, 98005,

United States

+1 425 442 5101

Latest ArcBlock News

Elon Musk’s $29m LA mansion sold to billionaire blockchain investor

Jun 30, 2020

Elon Musk’s $29m LA mansion sold to billionaire blockchain investor NetEase CEO and ArcBlock advisor William Ding (or Ding Lei) picked up the estate after Musk tweeted plans to sell off all of his homes. Jun 30, 2020 Musk sold his Bel Air, Los Angeles mansion to "William" Ding Lei for $29 million (Image: Zillow) In brief Elon Musk sold one of his LA estates to William Ding (or Ding Lei), a prominent Chinese blockchain proponent. Ding is the founder and CEO of Internet and gaming firm NetEase, which has released blockchain apps. Ding is listed as an advisor to blockchain firm ArcBlock, but has publicly denied owning Bitcoin. Tesla and SpaceX CEO Elon Musk rarely holds back on Twitter, whether it’s chiming in on the United States’ economic response to COVID-19, advising JK Rowling on Bitcoin , or driving down Tesla’s stock price by claiming that it is overvalued . Musk also recently tweeted that he would sell his houses and cut down on physical possessions, and he’s actually following through on that promise. He listed five mansions for sale , and has already completed the sale of one to a fellow tech billionaire—and a prominent blockchain advocate, at that. Who bought Elon Musk’s house? William Ding (or Ding Lei), the founder and CEO of Chinese Internet and gaming company NetEase, recently purchased the Bel Air, Los Angeles property from Musk for a cool $29 million. According to Variety , that’s just shy of the $30 million asking price for the 16,251-square-foot estate. NetEase was founded in 1997 and provides an array of Internet services to Chinese users, including email and e-commerce. It also publishes its own video games, along with localized versions of international hits such as Blizzard’s Overwatch and World of Warcraft. Ding, once the richest man in mainland China, has a current estimated net worth of $26.5 billion, according to Forbes . Ding's history of blockchain investments Ding was an early investor in blockchain platform ArcBlock, and in January 2018 was named as an  advisor for the project, a position he still holds . Soon after, Ding was speculated to have purchased some 96,000 Bitcoin at a cost of $1 billion, which he denied. According to 8BTC, Ding claimed via his WeChat Moments in February 2018 that he had never owned Bitcoin . Given the anti-cryptocurrency narrative typically espoused by China’s state-owned media ( with rare exceptions ) and China’s ban on Bitcoin sales within the country, it’s no surprise that Ding quickly shut down the speculation. Despite China’s stance against crypto, however, the country is very positive about blockchain as a technology. NetEase has released blockchain-based games in the past, and launched three blockchain applications in 2018—including a social media network and news aggregator. However, Ding’s dalliance with blockchain appears to have been a brief one; the games and apps alike had all apparently shut down by the end of last year. “The shutdown of NetEase’s blockchain experiments revealed an embarrassing truth about blockchain applications in China: Even though they came from storied, successful Internet giants with abundant resources and the biggest mass market in the world, a killer consumer app never materialized,” wrote Decrypt’s Shuyao Kong in December. https://decrypt.co/34032/elon-musks-29m-la-mansion-sold-to-billionaire-blockchain-investor

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Expert Collections containing ArcBlock

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ArcBlock is included in 1 Expert Collection, including Blockchain.

B

Blockchain

3,461 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

ArcBlock Patents

ArcBlock has filed 2 patents.

The 3 most popular patent topics include:

  • Bitcoin
  • Blockchains
  • Cryptocurrencies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/18/2019

Cryptocurrencies, Blockchains, Cryptography, Key management, Bitcoin

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10/18/2019

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Grant Date

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Related Topics

Cryptocurrencies, Blockchains, Cryptography, Key management, Bitcoin

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