Osaka-based NineT Capital becomes the latest strategic backer to announce their status as a Cudos validator, further expanding Cudos’ network reach in Japan.
Japan, with a technology-driven population of 126 million people, is one of the biggest cryptocurrency and blockchain advanced markets, with high levels of adoption and regulation. NineT Capital are evidence of this hunger for new digital technologies within not only Japan, but Asia as a whole. NineT Capital is close to 20,000 members within their private community, seeking and supporting innovative new projects with huge growth potential within their domestic and continental market.
“First of all, I am very grateful to see continued innovation in the blockchain industry. Blockchain solves or greatly improves many areas including credit and time efficiency. The Cudos team are developing an entire ecosystem that supports this maturing industry with further innovation and capabilities, driving sustainability at the same time. We have no doubt about the future of Cudos and will continue to support and promote their development within the Japanese market by becoming a validator to their network. In the future, we will expand our support of the Cudos ecosystem to other key regions within Asia.” — Zenith Li, Founder of NineT Capital.
With a portfolio boasting over 200 projects, and being predominantly focused on node operations for the second half of 2021, joining Cudos proof-of-stake network as a validator perfectly fits NineT Capital’s business model and portfolio thesis. Furthermore, Cudos’ compliance with financial regulations proved to be very attractive to NineT Capital in their decision-making, with Japan abiding to strict laws and regulations. NineT Capital will work with Cudos to tailor their policies for Japan, ensuring local compliance and further driving the expansion of Cudos’ future development and services within the Japanese market.
“We are extremely proud to have the support of NineT Capital, Japan is a region of great potential for Cudos tech and network adoption, NineT Capital are extremely aligned with Cudos and they’ve become a strategic partner that will help Cudos’ growth and expansion not just in Japan, but in South Korea and China as well.” — Nuno Pereira VP Of Partnerships.
NineT Capital, are a highly experienced VC team composed of Japanese, South Korean, Chinese and Singaporean investors. Founded in 2018 and headquartered in Osaka, Japan NineT Capital have built an extensive private community of close to 20,000 members.
Cudos is bridging the gap between Cloud and Blockchain, by using the world’s available computing to power a more decentralized, sustainable and connected world.
Cudos is being designed as a cross-chain, decentralized compute network, with CUDOS as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing API’s.
In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.