Blockchain
HashQuark Closes Series A Funding Round, Led by Qiming Venture Partners
HashQuark, an Asian leading staking and blockchain infrastructure provider, has raised a Series A equity funding led by Qiming Venture Partners, a leading venture capital firm in China. The funding round was also joined by Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures, and SNZ. This move makes HashQuark one of the very few staking service companies to be able to raise a fund from a traditional venture capital firm. HashQuark is a subsidiary of HashKey Group, an international digital asset and blockchain technology firm.
Since the end of 2018, HashQuark has been developing its blockchain infrastructure business, creating value while safeguarding PoS blockchains by operating reliable nodes. Relying on its abundant industry resources and a professional technical team, HashQuark has become one of the world’s largest staking service providers. For reference, “staking” refers to the activity of supporting a PoS blockchain network by validating its transaction and receiving rewards in return.
Through its globally deployed infrastructure and its always-on staking service network, HashQuark offers secure, stable and convenient enterprise-grade staking services, running blockchain nodes for over 30 Proof-of-Stake (PoS) blockchains. According to StakingRewards.com, one of the world’s most credible PoS rating websites, HashQuark consistently ranks among the top three in terms of the number of networks served, product functionality, business footprint, product safety, and comprehensive capabilities.
In addition, HashQuark pioneered the concept of “Staking + ecosystem provider”, aiming at providing high-quality PoS-backed blockchain projects with industry resources and ecosystem value along with technology support. This move has earned strong support from many project foundations.
For example, HashQuark, as one of the earliest participants of the Web3 ecosystem, is a validator (staker) on the Polkadot network validator node list, and has helped the Web3 Foundation launch PolkaCube, a new product focused on enabling a better staking experience for validators and nominators of the Polkadot ecosystem. Its features include complete blockchain data display, guidance on optimal staking strategies, wallet and delegation management, and more. HashQuark’s PolkaCube won a grant from the Web3 Foundation.
HashQuark, in addition to its product development team, has a professional research team focusing on economic models and blockchain technology, which has produced dozens of influential technical articles and in-depth research reports, contributing to communities such as Ethereum, Polkadot, Filecoin, and Cosmos.
HashQuark has strategic partnerships with a number of world-leading blockchain teams, including imToken (a world-renowned decentralized blockchain wallet), Infinito Wallet (a well-known blockchain wallet in Vietnam), Block72 (a well-known blockchain consulting company in South Korea), LongHash (an accelerator platform), SlowMist Technology (a top cybersecurity team). HashQuark is providing high-quality services to the ecosystem businesses of HashKey Group.
Leo Li, CEO of HashQuark, said, “HashQuark started as a staking service provider with the focus on blockchain infrastructure construction, aiming to provide high-quality services to the digital financial world. The proceeds of the round will be used to strengthen our team and expand globally. This year is a critical time for the large-scale application of blockchain and digital finance. HashQuark will release innovative products to serve customers around Ethereum2.0, Polkadot, and PlatON and so forth. HashQuark will put digital financial world infrastructure as a core focus and launch other products successively.”
Qiming Venture Partners has been an active early-stage VC investor in sectors including information technology, enterprise services, among others. Qiming has good track record of investing in innovative startups which would later achieve unicorn status. Qiming’s investment in HashQuark, an IT infrastructure service provider in the blockchain industry, shows its interest in the emerging field.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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