![Screen Shot 2017-11-14 at 6.25.11 PM.png](https://steemitimages.com/DQmbHxEajB5sKnmjeaDRoSmwEsWFhRKudrepi2fKqxZi7Pt/Screen%20Shot%202017-11-14%20at%206.25.11%20PM.png)
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Ok, this is _major_ news. I will start with the most important bits:

* [Global Blockchain Technologies Corp](http://blockchaintechcorp.com/about/) announced a non-binding agreement to invest $20 millions in the upcoming SMT technology prepared by Steemit
* the investment will be made both in tokens (<strike>newly launched SMT's, that is</strike> STEEM tokens, that is) and in US dollars
* the investment aims at supporting startups that will use this ecosystem

For the standard PR announcement you can either start with @ned's [tweet](https://twitter.com/certainassets/status/930209378766082048), or read the [news at source](http://www.ibtimes.co.uk/global-blockchain-technologies-announces-20m-fund-invest-steem-smts-1647127).

# What To Expect

More visibility for the Steem ecosystem entirely. The amount of investment is big enough to generate a lot of momentum.

Since the investment is not directed into Steemit but into _startups that will use SMT_ , the beneficiaries will probably be satellites companies, or companies that will receive a hybrid participation from both Steemit INC and GBT. Still not clear how this will be implemented.

It's the first major news about an investment in Steemit (since the legendary @laonie's investment of 400 BTC, which, today, would be around $2.6 millions).

Markets didn't react too strong to this one, but it's also a bit early. STEEM is trading around $0.92.

Exciting times ahead!
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_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
<center>
![Dragos Roua](http://dragosroua.com/wp-content/uploads/2014/05/bamf-e1448824881306.png)</center>
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<center>_You can also vote for me as witness here:
https://steemit.com/~witnesses_</center>
***
_If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform)_:
* [Rewards: Were Does The Money Come From?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-rewards-were-does-the-money-come-from)
* [Netiquette: How To Avoid Being A Steem Douche?](https://steemit.com/steem/@dragosroua/steemit-newbie-faq-netiquette-how-to-avoid-being-a-steem-douche)
* [Witnesses: What Are They And Why Should You Care?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-witnesses-what-are-they-and-why-should-you-care)
* [How Can I Mine Steem And What CPU / GPU Power Do I Need For That?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-how-can-i-mine-steem-and-what-cpu-gpu-power-do-i-need-for-that)
* [The Beginner Guide To Not Getting Hacked On Steemit](https://steemit.com/steemit/@dragosroua/the-beginner-guide-to-not-getting-hacked-on-steemit)