Shelf.Network Joins YCombinator’s Advisory Path Program

News and Analysis

Distributed auction Shelf.Network joins YCombinator’s special Advisory path program among 100 projects from different industries, CEO Lasha Antadze revealed to ForkLog.

YCombinator will invest $10 000 in Shelf.Network development without acquiring equity while also providing the project with access to the U.S. market and its community.

According to Lasha Antadze, the YCombinator’s decision signals worldwide recognition of Shelf.Network as a leading project in blockchain space and lays the foundation for a new stage of development.

The project also announced partnerships with Look.Live and CarInspector.US for securing inspections of used cars being auctioned on the platform.

In May Shelf.Network won grand prize for best real world blockchain application at Frontier Innovation Awards 2018 and $1 million investment.

About Shelf.Network

Shelf.Network is a decentralized platform aimed at building fully compliant multichannel trade ecosystem for used car auctions among inventory suppliers: off-lease, off-rent, fleet, repossessed, and re-marketing dealer websites.

It claims to be one of the few real world use cases of blockchain technology, that does not have an internal coin.

In the future Shelf.Network also plans to enter foreclosure market to offer a universal outsourcing tool to lenders, and to consolidate sales agents.

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