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Qatar’s MBK Holding Pioneers $15 Million Investment in UK-Based QANplatform for Blockchain Innovation

MBK Holding, a Qatar-based investment powerhouse, has announced a groundbreaking move in the technology sector, solidifying its commitment to spearheading innovation in blockchain technology.

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

The announcement ceremony, showcased the collaborative efforts of key figures in this venture. Alongside H.E. Sheikh Mansoor Bin Khalifa Al-Thani were Jevgenia Kim, CEO of QANplatform, and Johann Polecsak, Co-Founder and CTO of the tech firm.

At its core, MBK Holding specializes in nurturing technology startups, leveraging its global reach and expertise to fuel their growth. Beyond the substantial financial commitment, MBK Holding extends comprehensive growth services aimed at facilitating global market access and expansion for QANplatform.

This strategic alliance positions MBK Holding as a significant player in fostering technological advancement not only in Qatar and the United Kingdom but also across diverse global markets.

Of particular note is QANplatform’s pioneering endeavor in the realm of blockchain technology. As the first EVM-compatible, quantum-resistant Layer 1 hybrid blockchain platform, QANplatform represents a monumental leap forward in the industry. In fact, the platform enables developers to craft a diverse array of solutions, including smart contracts, decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and more, in virtually any programming language.

The distinguishing factor of QANplatform lies in its hybrid nature, incorporating both private and public blockchains. Notably, the platform’s recent unveiling of the world’s first quantum-resistant private blockchain compatible with Ethereum’s EVM signifies a monumental milestone in blockchain technology. This quantum-resistant security feature, fortified by the use of NIST primary recommended post-quantum algorithms, marks a paradigm shift in ensuring the robustness of blockchain infrastructure.

A standout attribute of QANplatform is its support for smart contracts in multiple programming languages through the QAN Virtual Machine (QVM). Unlike many blockchain platforms limited to Solidity, the language specific to Ethereum, QANplatform’s innovation opens the floodgates for over 26 million software developers worldwide to engage in Web3 development. This breakthrough holds immense promise in democratizing access to blockchain technology and accelerating its mainstream adoption.

The ecosystem surrounding QANplatform continues to burgeon with partnerships and accolades. Notable collaborations include alliances with esteemed entities such as Hacken, Beosin, and Alpine Esports, a Group Renault brand, involved in the Formula 1® Esports Series.

Moreover, QANplatform’s selection to the prestigious Ernst & Young Startup Program as one of the nine standout startups in the technology and finance sectors further underscores its burgeoning prominence on the global stage.

As MBK Holding leads this investment, the convergence of QANplatform’s quantum-resistant blockchain innovation and the comprehensive backing of a global investment powerhouse sets the stage for a seismic shift in the technological landscape. With this strategic partnership, the trajectory of blockchain technology is poised for unparalleled advancement, heralding a new era of innovation and accessibility in the digital sphere.

News Desk

Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)unlock-bc.com

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