HASHGRAPH GROUP, headquartered in Switzerland, which supports Hedera Blockchain Network, has announced strategic investments in AGRITECH company Agnecchnologies.
According to the press release on April 7, cooperation will see that the HEDERA (HBAR) blockchain network will support AINEXT’s AI -based agricultural solution.
The investment is a recent fundraising initiative of AGNEXT, led by the hash graff group based in Denmark, but more than that is the main integration mark of the Hedera Blockchain ecosystem.
In particular, AGNEXT uses HEDERA’s distributed ledger technology to digitize trust in the supply chain ecosystem, including insurance and tracking of the food supply chain.
Stefan Deiss said, “With this strategic joint investment with Novo Holdings, we start the technology expansion with AGNEXT, leading the convergence of AI and Blockchain/DLT and enhancing the competitive advantage of the agnext in Web3 ERA. I look forward to bringing it jointly.
AGNEXT will also take advantage of the smart contract for HEDERA’s blockchain technology and immutability and efficiency.
The goal of THG and AGNEXT is also aligned around the initiative of the Hedera -based embedded device, which can be provided to customers around the world through the new Web3 venture. A partner will establish a Swiss A venture.
AGNEXT raised $ 21 million in Series A’s funds in 2021, and Alpha Wave Incubation led the capital injection initiative.
The company operates in India, the Middle East and the United States, and the first international office in Abu Darbi, the United Arab, opened.
Hedera, meanwhile, is seeing a remarkable traction in the tokenization of real assets. This is included through integration such as chainlink and alchemy payments.