The OPEN team is thrilled to announce Danhua Capital, also known as DHVC, as one of their latest investors and strategic partners. Danhua Capital is an early stage VC fund with more than $700MM in capital focused on investing in projects and technologies that have the potential to disrupt the world.
While it invests across all sectors, their blockchain portfolio is especially impressive as they were early investors in projects such as NEO, Aelf, Zilliqa, and Ontology – just to name a few. All of these groundbreaking projects have had valuations of over a $1 Billion.
For this reason, their support for OPEN’s vision of bringing cryptocurrency to the mainstream by empowering application developers is especially relevant. Danhua recognized OPEN’s ability to assist developers in integrating multiple blockchains into their core technology stack without the need for learning blockchain programming languages such as Solidity as a groundbreaking innovation.
Danhua has a history of backing immensely successful projects. In fact, over 10 portfolio companies of Danhua Capital have been able to achieve the coveted $1 Billion + valuation mark. OPEN is honored to be a part of such an incredible portfolio and to have the leaders of Danhua Capital see the same potential in OPEN’s vision.
OPEN envisions a world where all applications accept cryptocurrencies as easily as they do fiat currencies. Applications of the future will not entirely be on the blockchain, nor will they entirely live in centralized servers. The truth lies in the middle, with the blockchain serving as a kernel to do things that its technology is uniquely suited to do, such as payments, asset issuance, transparency, and auditability while letting centralized databases handle complex computations not required to be on chain. In order to do so, the blockchain part of an application must be able to seamlessly speak with other parts of the application.
That is the core of what OPEN does – they enable different types of data, some represented in decentralized networks and others in centralized ones, communicate with each other.
OPEN starts with payments as it is logical that liquid, digital currency be used to purchase liquid, digital assets. This first step enables cryptocurrencies to be used in a similar manner to fiat currencies. The key components that OPEN uses are a set of off-chain APIs and Developer tools that abstract away the difficulties of blockchain technologies, interoperable on-chain Scaffolds that are deployed to each of the blockchains in our ecosystem, our own high throughput OPEN Chain, and an innovative Blockchain Load Balancing Protocol.
The Danhua team recognizes the potential OPEN has to bring mainstream adoption to the blockchain space by building an API connected to a scalable and interoperable blockchain network that makes it incredibly easy for developers to integrate the blockchain into their applications.
With offices both in Shanghai and Silicon Valley, they have been able to see, firsthand, the power of the API economy that has transformed the technology landscape over the past few years.
APIs have the unique ability to simplify a complicated technology into an easily accessible tool for the developer, thereby enabling the adoption of otherwise hard to integrate technologies. APIs have helped big software companies, like Uber and Google, vastly improve their product offering and have helped propel them to becoming incredibly successful companies.
OPEN is providing its API services to make blockchain integration painless for developers – thus enabling mainstream adoption of decentralized technologies, and bringing the massively successful API economy to the blockchain industry. The world is currently populated by millions of centralized applications that are eagerly awaiting a secure, easy-to-implement and scalable solution. This solution is OPEN.
OPEN brings tremendous value to Danhua’s already phenomenal portfolio by providing an essential infrastructure that other portfolio companies can leverage to grow their existing businesses.
OPEN also has several industry leaders in the blockchain space backing it, including RChain’s Reflective Ventures, NEO’s Neo Global Capital, Draper Dragon, Sora Ventures, Element Group, One Block, Jeremy Gardner, and more!
With the top public blockchain projects in both Asia and the U.S. backing it, as well as investments from leading crypto funds and individuals, OPEN is quickly emerging as one of the most promising projects of 2018.
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.
Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming
As games migrate to the blockchain and become increasingly complex, Ludos Protocol is set to capture this new market. It’s creating a solid ecosystem of DApps and toolboxes that provide Blockchain as a Service for developers to build and maintain sidechains.
Ludos Protocol solves one of the biggest issues that has given investors qualms about blockchain gaming: scalability. An overcrowded mainchain is a perennial problem that has hindered the progress of even the best-funded blockchain gaming applications. Thanks to a hybrid of Proof-of-Work and Proof-of-Stake consensus algorithms, Ludos Protocol is able to implement a multi-sidechain system. This allows any populated game to deploy its own sidechain of transactions while keeping the mainchain throughput at a minimum.
This is why Ludos Protocol has attracted investment from fund behemoth Softbank, whose previous ventures include Uber and Alibaba. Ludos Protocol is the fund’s third-ever foray into blockchain.
Industry trends attest to Softbank’s interest in Ludos Protocol. Gaming produced a global revenue of over $200 billion in 2017, according to the latest report by Digi-Capital. It is a figure that is expected to grow to $300 billion by 2021, making the industry one of the most lucrative in the digital economy. It is also one of the ripest for change by blockchain technology. The development of a comprehensive blockchain infrastructure that suits the evolving needs of the…
NET Tokens Set To Be Frozen Forever: Time Is Running Out To Activate Your NIM
Summary: Nimiq announces NET token end-of-life: The last and final opportunity ends on Friday, November 30, 2018 (3:00 PM GMT).
Surfacing in early 2017, Nimiq is the first browser-based blockchain and aims to be the most accessible, high performance, decentralized payment system. The Nimiq mainnet and its native NIM token have been operational since successful launch on April 14, 2018. Holders of the existing Ethereum-based (ERC20) NET token, used for project fundraising, have long been asked to claim their corresponding NIM tokens through the NIM Activation process. This process is coming to an end and with it, the NET token smart contract will be terminated (End-of-life of the NET token).
Following three deadlines and more than seven months of time to activate, the Nimiq team recently extended the NIM Activation grace period and now are giving NET holders a final chance to make use of their NET and claim corresponding NIM tokens. As of publication, around ~1’600 NET addresses had a balance of 10 NET or more with a total of ~20% of the original NET token supply outstanding for NIM Activation.
The last and final opportunity to complete NIM Activation ends by Friday, November 30, 2018 (3:00 PM GMT). As the NET tokens’ sole purpose is to use them to activate corresponding amounts in NIM tokens, the NET token smart contract will be stopped in…
Wirex unveils corporate partnership with hand-held ‘piggy-wallet’, Pigzbe
Partnership aims to prepare new generations for the technology and currency of tomorrow, today.
LONDON, UK – November 13, 2018 – Today, Wirex – the payments pioneer that is bridging the gap between cryptocurrencies and everyday spending – announced its first corporate partnership with the blockchain-powered ‘piggy-wallet’, Pigzbe.
Pigzbe was designed to reinvent pocket money for a new generation of children. The part physical, part digital ‘piggy-wallet’ runs on Wollo (WLO), Pigzbe’s family-friendly crypto-currency, and is designed to introduce children age 6+ to modern money management while teaching them good financial habits in a safe and secure setting. The partnership will see Wirex list WLO alongside its existing Bitcoin, Litecoin, Ethereum, and XRP wallets. In turn, Wollo holders will be able to buy, store, exchange and spend WLO through the existing Wirex app and Visa card.
Wirex currently holds the crown as the only company in Europe with a debit card that is linked to users’ crypto wallets, allowing them to convert and spend their digital assets in shops, bars, restaurants or on public transport and the only UK headquartered crypto-friendly company to receive an FCA e-money licence. Already a success in Europe, the company recently announced plans to expand its card offering into the US in what would represent North America’s first multi-cryptocurrency prepaid card programme.
Pavel Matveev, Co-founder and CEO of Wirex, said: “Our relationship with Pigzbe paves the way for novel crypto and…
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