Editor’s note: A version of this article by Steven Lee originally appeared on our sister site, TechNode Chinese.

The mysterious cryptocurrency guru Sunny King is scaling his involvement within the industry to become the chief architect of VEE, a new project that aims to bring about a next-generation platform for blockchain applications, according to King’s statement on Peercoin’s blog. The VEE team is currently promoting the project in Korea, Japan, Singapore, Hong Kong and will visit Europe in February.

King hopes Peercoin fans will take it in a positive way, because “my care for the Peercoin and Primecoin projects hasn’t stopped. … The current Peercoin team has been doing great work during the past year while I was mostly unavailable. It is my hope that project VEE can also bring more resources to share with the Peercoin team and community, eventually working into a healthy collaboration between the teams and communities of both projects.”

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.