The Hashgraph Group, a venture capital and technology company that supports the Hedera Blockchain network, has announced a strategic investment in Agritech Company Agnext Technologies.
According to details in a press release on 7 April, the collaboration will support the growing artificial intelligence-driven agricultural solutions from Agnext.
The investment sees the Hashgragh group becoming a member of the recent fundraising initiative of Agnext led by Novo Holdings in Denmark, but more than that is an important milestone for integration for the Hedera Blockchain ecosystem.
In particular, Agnext wants to use Hedera’s distributed ledger technology to digitize confidence in the Ecosystem of the Supply Chain, including around insurance and traceability in the food supply chains.
“With this strategic co-investment in addition to NOVO Holdings, we look forward to starting the technology enablement trip with Agnext to stimulate the convergence of AI and Blockchain/DLT, while jointly improves Hedera-driven Agritech solutions that will improve Agnext Group Group.
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Agnext will also use Hedera’s Blockchain technology and smart contracts for immutability and efficiency.
The goals of THG and Agnext also correspond to an initiative for embedded devices in Hedera, with this set available for customers worldwide via a new web3 company. The partners will establish this company in Switzerland.
Agnext collected $ 21 million in a series A financing in 2021, with Alfa golf incubation that led the capital injection initiative.
The company is activities in India, the Midden -East and the United States, with its first international office in Abu Dhabi, the United Arab Emirates.
In the meantime, Hedera sees a remarkable traction in the tokenization of Real-World assets. This includes through integrations such as at Chainlink and Alchemy Pay-De Last for onboarding via Fiat-Crypto on and out of Ramping.
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