Hedera’s The Hashgraph Group invests in AgNext Technologies

The Hashgraph group, a venture capital company based in Switzerland and a technology company supporting the Blockchain Hedera network, announced a strategic investment in the company Agritech Agnext Technologies.

Depending on the details in a press release On April 7, collaboration will see the Hedera (Hbar)) Blockchain Network supports agricultural solutions focused on Artificial Intelligence of Agnext.

The investment sees the Hashgraph group joining the recent Agnext fund collection initiative led by Novo Holdings, based in Denmark, but more than that, is an important step for integration for Hedera blockchain ecosystem.

In particular, Agnext seeks to take advantage of Hedera’s great distributed book technology to digitize confidence in the ecosystem of the supply chain, including around insurance and traceability in food supply chains.

“With this strategic co-investment alongside Novo Holdings, we are impatient to embark on the technical journey with Agnext to converge the convergence of AI and Blockchain / DLT, while jointly bringing the Agrittech Solutions market on the ERA market,” said Stefan Deiss, co-won of ERA.

Agnext will also use Hedera blockchain technology and intelligent contracts for immutability and efficiency.

The objectives of THG and Agnext also line up around an initiative for devices integrated at Hedera, with those who will be available for customers worldwide via a new web3 company. Partners will establish this company in Switzerland.

Agnext raised $ 21 million in series A financing in 2021, with Alpha Wave incubation leading the capital injection initiative.

The company has operations in India, the Middle East and the United States, with its first international office having opened its doors in Abu Dhabi, to the United Arab Emirates.

Meanwhile, Hedera notes a notable traction in the tokenization of active workers in the real world. This includes via integrations as with Chain link And Alchemy remuneration– The latter for integration via Fiat-Crypto on and out of the ramp.