Hedera’s The Hashgraph Group invests in AgNext Technologies

The Hashgraph Group, a Switzerland-based enterprise capital and expertise agency supporting the Hedera blockchain community, has introduced a strategic funding in agritech firm AgNext Applied sciences.

In keeping with particulars in a press launch on April 7, the collaboration will see the Hedera (HBAR) blockchain community help AgNext’s rising synthetic intelligence-driven agricultural options.

The funding sees The Hashgraph Group be part of AgNext’s latest fundraising initiative led by Denmark-based Novo Holdings, however greater than that, is a key integration milestone for the Hedera blockchain ecosystem.

Specifically, AgNext is seeking to leverage Hedera’s distributed ledger expertise to digitize belief within the provide chain ecosystem, together with round insurance coverage and traceability throughout the meals provide chains.

“With this strategic co-investment alongside Novo Holdings, we sit up for embarking on the tech-enablement journey with AgNext to drive the convergence of AI and Blockchain/DLT, whereas collectively bringing to market Hedera-powered AgriTech options that can improve AgNext’s aggressive edge within the web3 period,” mentioned Stefan Deiss, co-founder & chief govt officer of The Hashgraph Group.

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AgNext will even faucet into Hedera’s blockchain expertise and good contracts for immutability, and effectivity.

THG and AgNext’s targets additionally align round an initiative for Hedera-powered embedded gadgets, with these set to be out there to clients globally by way of a brand new web3 enterprise. The companions will set up this enterprise in Switzerland.

AgNext raised $21 million in a Collection A funding in 2021, with Alpha Wave Incubation main the capital injection initiative.

The corporate has operations in India, the Center East and the USA, with its first worldwide workplace having opened in Abu Dhabi, the United Arab Emirates.

In the meantime, Hedera is seeing notable traction within the tokenization of real-world property. This contains by way of integrations akin to with Chainlink and Alchemy Pay– the latter for onboarding by way of fiat-crypto on and off ramping.

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