Partnership focuses on advancing OPEN Platform adoption on the global market through post-tokenization support
SANTA MONICA, CA – May 24, 2018– Element Group, the leading advisory firm in the fields of crypto-economics and digital assets, revealed today a new partnership with blockchain infrastructure provider OPEN Platform.
OPEN Platform, also known simply as OPEN, has developed the first decentralized payment platform for applications looking to incorporate cryptocurrencies as payment.
Element Group has already played a vital role in OPEN’s token sale process and assisted in establishing token economic structures. Moving forward, Element will be supporting OPEN to ensure the post-tokenization functionality of OPEN’s ecosystem.
Element’s current portfolio consists of several key projects in the blockchain space, including WAX, Enigma, Ripio, and others. OPEN’s blockchain agnostic platform, which allows for the acceptance of a wide ranging number of cryptocurrencies, fits well into the similarly revolutionary projects that Element supports.
Through their Scaffold system, OPEN provides an essential infrastructure that developers can utilize without prior knowledge of blockchain programming languages. Developers of all knowledge bases will be able to utilize OPEN and the barriers to entry for creating a decentralized application will be significantly reduced.
Element has also supported OPEN in strengthening its position in the APAC region. Element assisted in promoting the OPEN project to local developer communities and helped structure OPEN’s overall APAC strategy. OPEN recently returned from an Asia roadshow that garnered much attention thanks to Element’s mentorship.
Element historically provides support to technological platforms that bring innovation to blockchain-based markets and businesses. OPEN will join this elite selection of organically grown blockchain projects as Element helps them grow into world class organizations.
Element Group’s holistic service model lends support in the entirety of digital asset capital markets, including corporate finance, research, trading, and go-to-market strategy. Their unique synergy of management and advisory allows them to play an essential role in the growth of blockchain projects.
Element Group will join an already impressive list of backers for OPEN Platform including Danhua Capital, Draper Dragon, One Block, Jeremy Gardner, and others.
“OPEN Platform is working on solving a major pain point for applications interacting with blockchains – the reliable communication of onchain payments. This structural middleware is a key component to driving functional adoption of blockchains and abstracting the complexity for developers. We look forward to helping enable broader awareness and adoption through the Element network of partners.” said Stan Miroshnik, CEO of Element Group.
“We’re excited to have Element Group working closely alongside OPEN Platform. Their experience and expertise in the digital asset space will be an asset in helping us achieve wide scale support and adoption in the global market.” explained Ken Sangha, CEO of OPEN Platform.
As OPEN Platform continues to develop their footprint in the global blockchain scene, additional advisory and backing partnerships can be expected to be made.
About Element Group
Element Group is a full-service firm for the digital asset capital markets that delivers advisory, trading, treasury, technology, and asset management services in an integrative manner. Founded in 2017, Element is a leading advisor on token sale transactions with global, institutional reach. Element works globally with some of the industry’s leading projects, companies, and founders on cryptoeconomics, financing, and strategy. Element Digital Asset Management invests firm capital in digital assets, promising emerging protocols, and distributed application technologies. Element Digital Trading specializes in facilitating over-the-counter cryptocurrency transactions for institutional counterparties. Element Group offers securities in the U.S. through Tangent Capital Partners, LLC, a registered broker-dealer with the SEC and a member of FINRA and SIPC.
About OPEN Platform
As the only decentralized payment solution designed specifically for applications, OPEN Platform lets developers integrate cryptocurrency payments into their new and existing apps with a few short lines of code. With OPEN, developers can process in-app payments, subscriptions, and one-time purchases synchronizing data both on and off the blockchain. OPEN also recently announced OPEN Chain, an interoperable data transfer protocol built upon a high throughput blockchain necessary for mainstream cryptocurrency adoption. To stay up-to-date on OPEN Platform and learn more about the project, visit the official website.
Head of Communications
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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