LG’s IT arm inks strategic partnership with QuickNode
Quicknode, a blockchain platform for Web3 innovation, has introduced a strategic partnership with LG CNS, the IT subsidiary of South Korea tech large LG.
A press launch shared with Invezz says the collaboration between the 2 corporations is geared toward powering the subsequent chapter of crypto innovation throughout Asia. The main target can be on the APAC market, and look to carry South Korea’s vibrant tech scene to the area by way of key blockchain infrastructure.
Partnership seeks to spice up blockchain innovation in Asia
LG’s partnership and funding in Quicknode will see the blockchain platform profit from a options for AI/Huge information, cloud, sensible logistics and Web3 amongst others. It’s a deal that provides to the rising embrace of cryptocurrency and blockchain know-how internationally, notably by giant monetary establishments and companies eager to faucet into the potential for the know-how to energy the leap from Web2 to Web3.
“By partnering with LG CNS, we’re setting a course for a future the place blockchain know-how is built-in into each digital side, particularly within the dynamic APAC market,” mentioned Alexander Nabutovsky, co-founder and co-CEO of QuickNode.
Nabutovsky famous that the collaboration introduced greater than only a partnership to the trade. Based on him, it’s a “merging of technological visions” and one that would redefine blockchain innovation, accessibility and utility not simply in South Korea, however throughout APAC and past.
Min Bae, VP of safety options division at LG CNS, commented on the partnership, stating:
“Along with QuickNode, we are going to create a sturdy blockchain basis within the APAC area, beginning with South Korea, and thru this partnership, LG CNS will present cutting-edge blockchain options to our prospects,”
LG CNS invests in Quicknode
Aside from the strategic partnership, LG CNS revealed an undisclosed funding in Quicknode that introduced the corporate’s funding thus far to over $100 million. It comes after QuickNode’s $60 million Sequence B spherical in January. The spherical was led by 10T Holdings, a digital assets-focused development fairness fund.
Regardless of the broader bear market pressure on blockchain corporations, QuickNode seems to have used the chance and funding to develop its person base and its international group. Quicknode at present affords its blockchain infrastructure throughout 24 blockchains, with options for analytics and elastic APIs amongst others.
LG CNS has, alternatively, supported greater than 50 blockchain initiatives by way of Monachain, its enterprise blockchain platform. Monachain permits for interoperability with prime blockchains resembling Ethereum, Solana, Hyperledger Material, and Besu.
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