December 7, 2023

Qatari Company Invests $15 Mln in Blockchain

MBK Holding

MBK Holding

MBK Holding, a Qatar-based investment company, has made a significant move in the technology sector, reinforcing its commitment to leading innovation in blockchain technology.

The strategic investment of $15 million in QANplatform, an emerging technology startup based in the United Kingdom, was announced by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, a prominent member of Qatar’s ruling family.

The announcement ceremony showcased the collaborative efforts of key figures in this venture, including Jevgenia Kim, CEO of QANplatform, and Johann Polecsak, Co-Founder and CTO of the tech firm.

MBK Holding focuses on nurturing technology startups by leveraging its global reach and expertise to fuel their growth. Beyond its significant financial commitment, the company provides comprehensive growth services that facilitate global market access and expansion for the platform.

This strategic alliance places MBK Holding as a significant player in fostering technological advancement in Qatar, the United Kingdom, and diverse global markets. One of the notable achievements of the platform is its pioneering work in blockchain technology.

QANplatform is a hybrid blockchain platform that is quantum-resistant and compatible with Ethereum’s EVM. It is a significant breakthrough in the blockchain industry that allows developers to create various solutions, including smart contracts, decentralized applications (DApps), decentralized finance (DeFi), NFTs, and more, using virtually any programming language.

QANplatform is unique because it is a hybrid blockchain incorporating private and public blockchains. Recently, it unveiled the world’s first quantum-resistant private blockchain compatible with Ethereum’s EVM, a significant milestone in blockchain technology. This quantum-resistant security feature uses NIST primary recommended post-quantum algorithms, ensuring the robustness of blockchain infrastructure.

QANplatform is also known for its QAN Virtual Machine (QVM), which supports smart contracts in multiple programming languages. Unlike other blockchain platforms limited to Solidity, the platform’s innovation opens the floodgates for over 26 million software developers worldwide to engage in Web3 development. This breakthrough democratizes access to blockchain technology and accelerates its mainstream adoption.

QANplatform’s ecosystem continues to grow with partnerships and accolades from esteemed entities such as Hacken, Beosin, and Alpine Esports, a Group Renault brand involved in the Formula 1® Esports Series.

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