Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos

Cudos, a multi-chain layer-2 solution providing Turing-complete compute and external data to blockchains, today announced that Cognitive Blockchain has made an equity investment in its parent company Cudo, and will be providing expertise to Cudo for the vast Chinese blockchain market.

Cognitive Blockchain consists of a blockchain education platform and community club; as well as a venture capital program. The venture focus of Cognitive Blockchain is on long-term value investments in blockchain technology start-ups and supporting the development of its project ecosystem.

“We’re extremely grateful for the opportunity to strategically partner with Cognitive Blockchain. Their team, led by Managing Partner Jenny Yue, instantly recognized our vision, and demonstrated a deep understanding of both the market opportunity that we’re filling, and the tech stack that we’re building. Unlocking the door to the Chinese market is hugely important to our growth strategy, and Cognitive Blockchain will be instrumental in helping us succeed.”
– Pete Hill, VP of Sales at Cudos

Cudos Network

The Cudos network enables anyone to sell or consume excess computational resources; either via blockchain/smart contract or via more traditional cloud computing APIs. The underlying platform has been under development since 2017 and is active with over 150,000 users in over 145 countries; including around 20,000 nodes running various blockchain and compute workloads on the network.

CUDOS token, the native asset of the network is also now available for exchange.

Token Utility:

  • Staking to become a CUDOS Validator Node (CVN) and get rewards;
  • Delegated staking to support CVNs;
  • MoE powering the CUDOS network;
  • and staking to qualify for receiving general compute jobs, and to obtain fee discounts.

To note, all of the network’s front-end software, management software, billing engine, plus other available features can be found at cudominer.com.

Source:
Cudos.org

Via: https://www.cryptoninjas.net

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