The Hashgraph Neighborhood, a Switzerland-basically based fully project capital and technology firm supporting the Hedera blockchain network, has introduced a strategic investment in agritech firm AgNext Technologies.
In accordance to details in a press open on April 7, the collaboration will glimpse the Hedera (HBAR) blockchain network strengthen AgNext’s rising artificial intelligence-pushed agricultural choices.
The investment sees The Hashgraph Neighborhood join AgNext’s contemporary fundraising initiative led by Denmark-basically based fully Novo Holdings, nonetheless more than that, is a key integration milestone for the Hedera blockchain ecosystem.
In explicit, AgNext is taking a survey to leverage Hedera’s dispensed ledger technology to digitize trust within the provision chain ecosystem, alongside side around insurance protection and traceability at some level of the food offer chains.
“With this strategic co-investment alongside Novo Holdings, we look forward to embarking on the tech-enablement lag with AgNext to power the convergence of AI and Blockchain/DLT, whereas collectively bringing to market Hedera-powered AgriTech choices that will give a enhance to AgNext’s competitive edge within the web3 generation,” acknowledged Stefan Deiss, co-founder & chief govt officer of The Hashgraph Neighborhood.
AgNext can even faucet into Hedera’s blockchain technology and orderly contracts for immutability, and effectivity.
THG and AgNext’s objectives also align around an initiative for Hedera-powered embedded devices, with these space to be on hand to clients globally by job of a brand fresh web3 project. The companions will set apart this project in Switzerland.
AgNext raised $21 million in a Series A funding in 2021, with Alpha Wave Incubation leading the capital injection initiative.
The firm has operations in India, the Middle East and the US, with its first global workplace having opened in Abu Dhabi, the United Arab Emirates.
Meanwhile, Hedera is seeing basic traction within the tokenization of trusty-world property. This entails by job of integrations resembling with Chainlink and Alchemy Pay– the latter for onboarding by job of fiat-crypto on and off ramping.
