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‘We are playing the long game:’ New York sticks with plan to open Blockchain Center

New York is sticking with plans to open a center for crypto and blockchain technology. The so-called Blockchain Center, which opens during a difficult time for crypto asset prices and companies in the market, is based in Manhattan and will collaborate with venture capital investors and other firms on blockchain initiatives, according to a Bloomberg News report. It opens Thursday. 

“We are playing the long game,” Ana Arino, chief strategy officer at the EDC, said in a phone interview with Bloomberg's crypto watcher Olga Kharif. “It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year. While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.”

New York City is funding the center with a one-time $100,000 investment. It will also fund itself through membership dues. It plans to offer coding classes to the public, according to Bloomberg.