Medici Ventures is a wholly-owned subsidiary of Overstock.com launched in 2014. Our goal is to change the world by advancing blockchain technology. We believe that by advancing blockchain technology we can bring the people of the world closer together. By eliminating the need for trust institutions to stand between us, blockchain offers humanity the chance to re-engage and connect once again as people. Blockchain technology offers us the chance to replace fear, suspicion, deception and fraud with trust, confidence and the ability to connect and transact freely with all people. Blockchain will change the world. It will do many of the things people already talk about, like making payments simpler and less expensive and ensuring settlement occurs at the time a trade is made rather than waiting for days. It will provide massive increases in global liquidity as tokenized assets trade without the need for the medium of fiat currency. It will allow for enormous efficiency gains that come from eliminating the need for middlemen in virtually every market. The wealth effects of blockchain technology will reach even the poorest, least connected people of our world.