French Tech Billionaire invests in the Tezos (XTZ) Hard Fork Dune (DUN)!

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French Tech Billionaire invests in Tezos (XTZ) Hard Fork Dune (DUN)

French Tech Billionaire invests in the Tezos (XTZ) Hard Fork Dune (DUN)!
Xavier Niel, CEO of Iliad in France, who will also take part of the Libra Association, has decided to invest in this new crypto project.

And he is not the only renowned French investor to invest a lot of money in one of the only major French crypto projects currently.
Indeed, Jean-Marc Simoncini (known to have created Meetic, the famous dating site) has also decided to invest in this fork of Tezos (XTZ).

Dune and Tezos present themselves as competitors of the Ethereum blockchain.

Like many crypto projects, following internal conflicts between the technical team and the management, the French CEO Arthur Breitman and his American wife Kathleen, a fork will take place in September 2019 on the Tezos blockchain to give birth to a new blockchain : Dune (DUN).

You should know that the majority of cryptos projects are fork or “copies” of an original blockchain.
You copy the code of a blockchain to create your own and modify it according to the project and the white paper.
So there are fork or copies of the Bitcoin blockchain, Monero, Dash, Ethereum, etc …

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In case of internal conflict, the team that decides to leave the original blockchain creates its new blockchain.

The new team at Dune (DUN) has found heavy support from big and famous french investors!

  • Marc Simoncini, creator of Meetic dating site.
    Jean David Blanc, founder of the French cinematographic database AlloCiné and the television startup Molotov.
    Alexis Bonillo, co-founder of Znely, a real-time location sharing app.
    Xavier Niel, billionaire businessman who holds a majority stake in the mobile operator Iliad under the Free brand (the second ISP in France).
    Iliad should also be part of the Libra association, the Facebook cryptocurrency.

On June 19, 2019, Fabrice Le Fessant announced in an article on Medium the fork of Tezos and the birth of the blockchain Dune:

“Today, I leave OCamlPro and its successful projects TzScan and Liquidity to lead the newly created Origin Labs to work in exactly the same way as ever.

Origin Labs and I are very excited to be working with a consortium on what lies ahead naturally: building a robust and innovative pro-business blockchain platform called DUNE Network. ”

“We wish Tezos good luck and thank Arthur Breitman for his good wishes, as we share his profound view of the importance of a free and open ecosystem, and we remain committed to a spirit of cooperation that will enrich this community in its future. together.”

Tezos was one of the most publicized initial coin offerings (ICO) of 2017.
With over 232 Million Dollars collected!

The new Dune project will be launched in September 2019 as indicated on the website, there will be an airdrop of tokens for those who already had the Tezos token (XTZ).

Dune is therefore developed by a French company called Origin Labs, which markets it as a future competitor of Ethereum.
The project is supported by investment firm Starchain Capital and the renowned investors mentioned earlier in this article.

Shaun Belcher of the Tezos team claims to have a team of more than fifty developers.
The Dune team claims that Tezos has only about 20 developers, while Dune has eleven from the start.
This is due to the support of Origin Labs.

Cyril Paglino, co-founder of Starchain Capital, said in the 21 million Capital podcast that “Dune has one of the most advanced technologies on the market”.

With such investors as Xavier Niel or Marc Simoncini, Dune (DUN) can pose a direct threat to its original blockchain, Tezos (XTZ).

Dune will therefore become a direct competitor of Tezos, Tezos and Dune claiming to compete with Ethereum (ETH) the blockchain leader.

It is certain that in the end, there will be no room for everyone and that the majority of crypto projects will disappear like at the end of the 2000 Internet bubble.
The difference will be played out in the performance of the projects, the financial means for the years to come and to ensure the costs of development.

There are other blockchains that aim to compete with Ethereum as the already operational EOS blockchain.

The future will tell us who will be the winners and the blockchains that will eventually be adopted by businesses and future decentralized applications (Dapps).