Ad Platform XCNHG Secures Investment From South Korean Crypto Fund Hashed
Hashed, a South Korean Crypto Fund recently announced that it has made an investment in XCHNG, a blockchain platform that aims to disrupt the digital advertising business with its third quarter test launch.
As one of South Korea’s first crypto assets funds, Hashed focuses its participation in high-performance blockchain protocols that transform industries. Hashed’s participation in XCHNG helps further establish the project’s footprint in the South Korean market and validates our approach by a well-respected bellwether fund in the space.
Kochava Labs CEO, Charles Manning, said:
“With XCHNG, we are focused on building a new set of standards for the digital advertising industry to combat some of the most prevalent issues faced by marketers and publishers alike. The Hashed team understands our long-term vision and what we are trying to achieve. As XCHNG continues to develop, it is important for us to have insight and guidance from key players at the intersection of blockchain and advertising. We're thrilled to have Hashed onboard and look forward to working intimately with the team to catapult XCHNG into the premier blockchain solution for the ecosystem.”
Hashed’s largest holdings currently include major blockchain projects, including EOS, OmiseGO, Ethereum, and Kyber Network. The fund focuses on the long-term value of projects and is committed to guiding early-stage ones to succeed.
XCHNG is built upon a high-performance blockchain and is designed specifically for the digital advertising industry – capable of handling millions of transactions per second, as demanded by the current ecosystem. XCHNG’s daily rolling chain capability makes it one of the fastest blockchain protocols in the space.
XCHNG said it will utilize the investment to focus on gaining additional private presale partners, continue to establish partnerships and build out the protocol, leading up to a sandbox launch, anticipated for Q3 2018. XCHNG says its blockchain is capable of handling millions of transactions per second, claiming that daily rolling chain capability makes it one of the fastest protocols in the space.