Quicknode, a blockchain platform for Web3 innovation, has introduced a strategic partnership with LG CNS, the IT subsidiary of South Korea tech big LG.
A press launch shared with Invezz says the collaboration between the 2 corporations is geared toward powering the following chapter of crypto innovation throughout Asia. The main target shall be on the APAC market, and look to deliver 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 knowledge, cloud, good logistics and Web3 amongst others. It’s a deal that provides to the rising embrace of cryptocurrency and blockchain expertise the world over, notably by massive monetary establishments and firms eager to faucet into the potential for the expertise to energy the leap from Web2 to Web3.
“By partnering with LG CNS, we’re setting a course for a future the place blockchain expertise is built-in into each digital side, particularly within the dynamic APAC market,” stated Alexander Nabutovsky, co-founder and co-CEO of QuickNode.
Nabutovsky famous that the collaboration introduced greater than only a partnership to the business. Based on him, it’s a “merging of technological visions” and one that might 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 strong blockchain basis within the APAC area, beginning with South Korea, and thru this partnership, LG CNS will present cutting-edge blockchain options to our clients,”
LG CNS invests in Quicknode
Apart from the strategic partnership, LG CNS revealed an undisclosed funding in Quicknode that introduced the corporate’s funding to date 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 appears to have used the chance and funding to develop its consumer base and its world crew. Quicknode at the moment provides 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 high blockchains akin to Ethereum, Solana, Hyperledger Material, and Besu.
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