Quicknode, a blockchain platform for Web3 innovation, has announced a strategic partnership with LG CNS, the IT subsidiary of South Korean technology giant LG.
A press release shared with Invezz states that the collaboration between the two companies is aimed at driving the next chapter of crypto innovation across Asia. The focus will be on the APAC market and will aim to bring South Korea’s vibrant technology scene to the region through major blockchain infrastructure.
The partnership aims to stimulate blockchain innovation in Asia
Thanks to LG’s partnership and investment in Quicknode, the blockchain platform will benefit from solutions including AI/Big data, cloud, smart logistics and Web3. It’s a deal that contributes to the growing embrace of cryptocurrency and blockchain technology around the world, especially by major financial institutions and corporations eager to tap into the technology’s potential to enable the leap from Web2 to Web3 to make.
“By working with LG CNS, we are charting a course for a future where blockchain technology is integrated into every digital facet, especially in the dynamic APAC market,” said Alexander Nabutovsky, co-founder and co-CEO of QuickNode.
Nabutovsky noted that the collaboration brought more than just a partnership for the industry. According to him, it is a “fusion of technological visions” and one that could redefine the innovation, accessibility and usability of blockchain, not just in South Korea, but in APAC and beyond.
Commenting on the collaboration, Min Bae, VP of Security Solutions Division at LG CNS, said:
“Together with QuickNode, we will create a robust blockchain foundation in the APAC region, starting with South Korea, and through this partnership, LG CNS will provide our customers with cutting-edge blockchain solutions,”
LG CNS invests in Quicknode
Aside from the strategic partnership, LG CNS unveiled an undisclosed investment in Quicknode that brought the company’s funding to more than $100 million to date. It comes after QuickNode’s $60 million Series B round in January. The round was led by 10T Holdings, a digital asset-focused growth equity fund.
Despite the broader bear market pressure on blockchain companies, QuickNode appears to have taken advantage of the opportunity and funding to grow its user base and its global team. Quicknode currently offers its blockchain infrastructure across 24 blockchains, including analytics solutions and elastic APIs.
LG CNS, on the other hand, has supported more than 50 blockchain projects through Monachain, the enterprise blockchain platform. Monachain enables interoperability with top blockchains such as Ethereum, Solana, Hyperledger Fabric and Besu.
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