London’s KR1 Blockchain Asset Firm Invests Into Nash Exchange And Rlay Crypto Projects
KR1 Has Gone Ahead To Invest In The Nash Exchange Together With The Data Validation Project The Rlay
A blockchain asset investment company that is based in London called the KR1, has just gone ahead to announce the latest set of investments that they have within the blockchain technology. The team first announced that it had been able to invest around $200,000 into their Rlay project.
More On The Rlay
The Rlay has been designed as a data collaboration framework that is being used to build a novel data crowdsourcing solution, the data standards used for the interoperability and the metadata, a token curated registry also referred to as the TCRs and the data-driven decentralized application that can be used in the curation market place.
The funding that the team was able to invest was provided to the Rlay in the tranches in the last year. And from this the KR1 will be able to receive a yet to be determined amount of the discounted tokens, which will be responsible with powering the Rlay platform at a discount to the lowest price that is paid by an investor during the ICO event.
Rlay is also working towards solving some of the blockchain external data problems; this is where the information that is provided by the outside world tends not to be accurate.
Thus, they aim at using a combination token incentive together with computer software that will be able to create a verifiably correct data set that will be able to be used by individuals with far more assurance.
The Nash Exchange
The KR1 company has also gone ahead to invest about $50,000 in the Nash Exchange; this is for purchasing about 50,000 Nash Tokens.
Nash has established a decentralized exchange that has been successfully launched their very first regulatory approved securitize which is a revenue share token, all done out of Liechtenstein.
Nash was previously known by many as the Neon and the NEX Exchange, it was founded by a group who have significant figures within the open-source NEO community, however, they would interoperate between the NEO and the Ethereum blockchains at the launch, and later on, they will be adding more to the platform.
Nash has been able to combine the performance of the centralized exchanges together with the trust securities properties that are used in the decentralized exchanges. They have designed the system to have an off-chain machine engine along with an on-chain settlement layer, which will allow the exchange to be able to complete the high volume and complex transactions that take place in high speed.
What also makes this different from the centralized exchange is that Nash is not taking any control of the user’s assets, as it has been designed to leave the power of the private keys in the hands of each user. The platform is also planning on allowing the licensed business that is across the world to be able to provide the on and off ramps that can be used for the fiat currency, as this will ensure that the platform is able to meet the needs of serval traders who are within the market.
The ICO event for Nash proved to be very successful as they were able to attract about 17,000 people to participate. And since then the team that is behind the company is striving to deliver consistency to their roadmap, and from this, we should see the platform launch taking place in the first quarter.