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On Tuesday, Wilmington City Council authorized transferring $100,000 from its American Rescue Plan Act funds to Wilmington-based non-profit Genesis Block in order to help supply small businesses with entrepreneurial opportunities.
A blockchain as a list of records (blocks) that is continuously growing. The blocks are secured and linked using cryptography (special codes).
Cryptocurrency mining is the process of validating cryptocurrency transactions. 'Miners' add transactions to a blockchain and then receive a reward in the form of new currency.
Genesis Block has partnered with Corning Inc for the development of the Wits Begin Incubator Program. Wits Begin is an incubator program designed to help early stage startups and small businesses achieve business model validation and prove they have a market for their product or service. Founders will receive educational programming, technical assistance, business model development, mentoring and networking. The program consists of 12 weeks of training and business development. Participants also receive a 12-month coworking membership to Genesis Block. Genesis Block is a business development s...
Wilmington has been trying to develop the former WAVE transit site since 2007. After the developer pulled out, they're looking for a new one.