QANplatform Signs $15M VC Deal for Its Quantum-Resistant Layer 1 Blockchain

MBK Holding, an funding holding agency with its elementary office in Qatar and a subsidiary within the UK, focuses on investing in experience startups. The Founder and Chairman, H.E. Sheikh Mansoor Bin Khalifa Al-Thani, member of the Qatari ruling family, beforehand served for a decade as a result of the director of information experience for The Council of The Qatar Ruling Family Affairs.

The announcement was held on the Qatar Science & Experience Park (QSTP) – Qatar’s premier hub for utilized evaluation, experience innovation, incubation, and entrepreneurship – by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Founder and Chairman of MBK Holding, Jevgenia Kim, CEO of QANplatform, and Johann Polecsak, Co-Founder and CTO of QANplatform.

Aside from the $15 Million technology-focused funding dedication, MBK Holding presents progress corporations to facilitate worldwide market entry and progress for QANplatform. MBK Holding’s focus extends to various regional markets, along with Qatar, Saudi Arabia, United Arab Emirates, Turkey, and United Kingdom whereas moreover encompassing completely different worldwide alternate options. MBK Holding recently signed a strategic partnership with the Ministry of Funding of Saudi Arabia to assist entrepreneurial progress and innovation in Saudi Arabia by creating progress corporations that search to create market-leading funding alternate options.

A Layer 1 blockchain platform, like Ethereum or QANplatform, is the basic infrastructure of all blockchain initiatives and functions. It’s akin to the working system of a laptop. It’s the essential base layer on prime of which the ecosystem can assemble numerous choices. QANplatform could be the primary EVM-compatible, quantum-resistant Layer 1 hybrid blockchain platform the place builders can code smart contract, DApp, DeFi, DAO, token, NFT, Metaverse, CBDC, tokenized asset, and robust Web3 choices on prime of the QAN blockchain platform in any programming language.

As a hybrid blockchain, QANplatform can have a private and public blockchain as properly. In September 2023, QANplatform marked a model new interval of Web3 OS (Working System) with the launch of the QAN Private Blockchain. QANplatform has unveiled the world’s first private blockchain that’s every quantum-resistant (using NIST main advisable post-quantum algorithm), and appropriate with Ethereum’s EVM, whereas moreover enabling builders to code smart contracts in any programming language.

Considered one of many distinctive choices of QANplatform, along with speedy cloud deployment or quantum-resistant security, is its capability to assist smart contracts in any programming language. The QAN Digital Machine (QVM) permits builders to place in writing smart contracts in any Linux-Kernel-compatible programming language (like: JavaScript, Java, Python, TypeScript, C, C++, C#, and so forth.). This could be a breakthrough for your complete blockchain ecosystem since most blockchain platforms are solely appropriate with the Ethereum smart contract language, Solidity. Out of over 26 million software program program builders worldwide solely 200,000 can code in Solidity. Due to QANplatform’s invention of multi-language smart contracts, over 26 million software program program builders can have the flexibility to enter the Web3 space.

QANplatform’s ecosystem is improve with renowned companies equal to Hacken, Beosin, or Alpine Esports. In February 2023, Alpine Esports, a Group Renault mannequin, and inter alia throughout the Formulation 1® Esports Sequence signed QANplatform as its Official Blockchain Confederate. In September 2023, QANplatform was chosen to the Ernst & Youthful Startup Program as certainly one of many 9 chosen promising startups throughout the experience and finance sectors, chosen from amongst a number of of candidates globally.

H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Founder and Chairman of MBK Holding talked about: “MBK Holding proudly backs QANplatform, the game-changing quantum-resistant blockchain platform and nominates Johann Polecsak as a result of the Director of Blockchain of MBK Holding. Blockchain experience usually, stays to be an untapped area with many alternate options and potential to remodel whole price chains, sectors, and enterprise processes. As a deep tech startup, QANplatform can lead the next wave of blockchain platforms with its distinctive choices, along with multi-language smart contracts and quantum-resistant security. QANplatform is an excellent match for our portfolio and companion companies to search out and revenue from the potential of its experience.”

Johann Polecsak, Co-Founder and CTO of QANplatform talked about: “Working alongside MBK Holding and their group is basically an honor. QANplatform is pushed by the imaginative and prescient of constructing probably the most safe and most user-friendly blockchain platform, enabling the occasion of fairly just a few real-world robust functions that ship tangible price to various industries.”

Jevgenia Kim, CEO of QANplatform talked about: “The strategic partnership with MBK Holding opens up new horizons and elevates the potential of QANplatform to unprecedented heights. We eagerly anticipate exploring new use circumstances and targeted regional market expansions, due to the assistance and alternate options supplied by MBK Holding.”

bout MBK Holding:
Based mostly by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, member of the Qatari ruling family, MBK Holding, an funding holding agency with its elementary office in Qatar and a subsidiary within the UK, focuses on investing in experience startups. Together with investing, MBK Holding presents progress corporations to facilitate worldwide market entry and progress. MBK Holding’s focus extends to various regional markets, along with Qatar, Saudi Arabia, United Arab Emirates, Turkey, and United Kingdom, whereas moreover encompassing completely different worldwide alternate options.

Website online: https://mbkholding.org

About QANplatform:
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform which will allow builders and enterprises to assemble quantum-resistant smart contracts and Web3 choices on prime of the QAN blockchain platform in any programming language. In February 2023, Alpine Esports, a Group Renault mannequin, and inter alia throughout the Formulation 1® Esports Sequence, signed QANplatform as its Official Blockchain Confederate. QANplatform was chosen for the EY (Ernst & Youthful) World Startup Academy 2023 Program.

Website online: https://qanplatform.com
Twitter: https://twitter.com/QANplatform
Contact: press@qanplatform.com (Jevgenia KIM)

This text is taken from Bitcoin.com and its about QANplatform.