Aave Launches Aave Venture to Support Emerging Technology Companies
- Delta Exchange represents Aave Venture's first investment
Aave, a tech company which specializes in the development of decentralized and hybrid Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term applications, today announced the launch of Aave Venture, which will invest in projects to help teams implement innovative ideas in their respective industries.
Aave Venture helps startups reach their potential by providing funding and strategic counsel to assist with raising capital through ICOs in addition to multiple support services, including talent recruitment and mentorship. Aave will also provide startups with access to executive team members who have extensive knowledge in each of their respective industries, to enhance company strategy and ensure that they efficiently and effectively impact key markets and partners.
Startups can connect to Aave’s LEND token economy to accelerate user acquisition within the company’s network of early adopters. By joining this ecosystem, startups can ensure their market entry gets the support it should.
While parent brand Aave provides products to empower people through innovation and open up new opportunities, Aave Venture takes the concept further by also supporting new product ideas. In essence, Aave conceptualizes and provides products, while Aave Venture funds and acts as an adviser to startups that want to bring their new product ideas to market.
Its first investment is in Delta Exchange, a cryptocurrency derivatives exchange that offers futures contracts on bitcoin (BTC) and ripple (XRP), which enable traders to speculate or hedge exposures in the two crypto assets using up to 20x leverage. The growth potential of crypto derivatives is immense, and Delta Exchange aims to capitalize on this opportunity to become the go-to trading venue for crypto derivatives.
“Beyond funding, we support entrepreneurs with resources and strategic counsel,” said Stani Kulechov, CEO of Aave. “Our aim is to foster products that our early adopters can benefit from by expanding the ecosystem for the LEND token economy. We look for creative thinkers, hard workers, and visionaries. Delta Exchange’s team is skilled and ambitious, and we believe they have potential to become the next biggest crypto trading platform.”
“Delta and Aave are both contributing to two important building blocks of the cryptocurrency ecosystem, derivatives and lending,” said Pankaj Balani, CEO of Delta Exchange. “I believe that this natural synergy will enhance our partnership with Aave, as well as with the wider crypto ecosystem. We are delighted to have a partner like Aave join us on our journey.”
Aave was launched earlier this month by the developers behind popular decentralized lending platform ETHLend.
About Aave
Aave is a Swiss-based technology company founded in 2017 by Stani Kulechov, focused on empowering people through innovation across all industries through the development of decentralized and hybrid blockchain applications. Aave has an extensive list of products that range from ambient accounts, lending software, custody and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term services to blockchain-based games and developer tools. The team behind this technology-based venture is a multicultural group of creatives who hold transparency, security, and trust at their core.
About Delta Exchange
Delta Exchange is the first cryptocurrency derivatives exchange that is made by traders for traders. Users can trade Bitcoin and Ripple Futures contracts with up to 20x leverage on Delta Exchange. The team aspires to grow Delta Exchange into the most liquid crypto derivatives exchange in the world.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
Aave, a tech company which specializes in the development of decentralized and hybrid Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term applications, today announced the launch of Aave Venture, which will invest in projects to help teams implement innovative ideas in their respective industries.
Aave Venture helps startups reach their potential by providing funding and strategic counsel to assist with raising capital through ICOs in addition to multiple support services, including talent recruitment and mentorship. Aave will also provide startups with access to executive team members who have extensive knowledge in each of their respective industries, to enhance company strategy and ensure that they efficiently and effectively impact key markets and partners.
Startups can connect to Aave’s LEND token economy to accelerate user acquisition within the company’s network of early adopters. By joining this ecosystem, startups can ensure their market entry gets the support it should.
While parent brand Aave provides products to empower people through innovation and open up new opportunities, Aave Venture takes the concept further by also supporting new product ideas. In essence, Aave conceptualizes and provides products, while Aave Venture funds and acts as an adviser to startups that want to bring their new product ideas to market.
Its first investment is in Delta Exchange, a cryptocurrency derivatives exchange that offers futures contracts on bitcoin (BTC) and ripple (XRP), which enable traders to speculate or hedge exposures in the two crypto assets using up to 20x leverage. The growth potential of crypto derivatives is immense, and Delta Exchange aims to capitalize on this opportunity to become the go-to trading venue for crypto derivatives.
“Beyond funding, we support entrepreneurs with resources and strategic counsel,” said Stani Kulechov, CEO of Aave. “Our aim is to foster products that our early adopters can benefit from by expanding the ecosystem for the LEND token economy. We look for creative thinkers, hard workers, and visionaries. Delta Exchange’s team is skilled and ambitious, and we believe they have potential to become the next biggest crypto trading platform.”
“Delta and Aave are both contributing to two important building blocks of the cryptocurrency ecosystem, derivatives and lending,” said Pankaj Balani, CEO of Delta Exchange. “I believe that this natural synergy will enhance our partnership with Aave, as well as with the wider crypto ecosystem. We are delighted to have a partner like Aave join us on our journey.”
Aave was launched earlier this month by the developers behind popular decentralized lending platform ETHLend.
About Aave
Aave is a Swiss-based technology company founded in 2017 by Stani Kulechov, focused on empowering people through innovation across all industries through the development of decentralized and hybrid blockchain applications. Aave has an extensive list of products that range from ambient accounts, lending software, custody and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term services to blockchain-based games and developer tools. The team behind this technology-based venture is a multicultural group of creatives who hold transparency, security, and trust at their core.
About Delta Exchange
Delta Exchange is the first cryptocurrency derivatives exchange that is made by traders for traders. Users can trade Bitcoin and Ripple Futures contracts with up to 20x leverage on Delta Exchange. The team aspires to grow Delta Exchange into the most liquid crypto derivatives exchange in the world.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.