10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

The Blockchain Group Starts Up A Tezos Node And Becomes A Corporate Baker

The Blockchain Group has just announced that it will start a Tezos corporate baker.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

What Is A Corporate Baker?

Tezos uses Proof of Stake (PoS) as a consensus mechanism to validate and confirm transactions on the blockchain network. Anyone can become part of the decentralized PoS network and start up a “node”, which is known as a “baker” in Tezos’ terms.

To be able to start producing blocks, a baker needs 8,000 XTZ. A minimum 800 XTZ should be put up as a bond by the baker and 7,200 XTZ can be delegated by others). But most Bakers start with a full 8,000 XTZ of their own XTZ (to make sure they have a full Baker running from the start.)

When companies and corporations start a Baker, this has been playfully labeled as a “Corporate Baker”. In essence however, corporate Bakers do not differ from other Bakers.

A Corporate baker is not a special type of baker with any special position within the Tezos ecosystem.

The fact that this baker will be run by a corporation simply emphasizes the amount of trust and involvement big corporations show in the Tezos blockchain.

The blockchain does not notice any difference between a baker that is run by a single person from his mom’s basement or by a big corporation.

All rules apply to all bakers. In the past months we’ve seen two launches of Corporate Bakers. And today a third Corporate Baker was announced. It shows a growing interest of companies that have interest in a strong commitment to both build on Tezos and become a part of the decentralized network.

The Blockchain Group

The Blockchain Group has just announced to start a Tezos Baker.

We are already familiar with the Tezos protocol and believe in the project, which is why we’ve decided to expand our involvement by becoming a corporate baker.

This protocol combines technical excellence with high security standards. Although it is still young, it has already proven the strength of its model and the relevance of its governance mechanism, and we’re excited to further our involvement” – Xavier Latil, CEO of The Blockchain Group.

Previously, The Blockchain Group has launched a tokenization platform on Tezos called The Blockchain Xdev.  The platform is designed as an end-to-end infrastructure, which will enable clients to create and manage digital assets in an intuitive and secure way.

This project is the cornerstone of our tokenization. Our ambition is to become a benchmark player in France and in Europe, in a market with very strong potential in the years to come.” – Xavier Latil, CEO of The Blockchain Group

An interesting fact is that they partnered with BNP Paribas (The 8th largest bank in the world), who facilitates the onboarding process of investors for the platform.

The first STO to be launched on the platform is a $ 121 million STO on Tezos by Logical Pictures : “21 Content Ventures”.

The Sword Group

The first Corporate Baker that was announced in October last year, was the Sword Group.

The Sword Group is a French, international, software, consulting and services company, created in 2000 and present in 19 countries. Sword Group has built “DigiSign”, which is a new standard for timestamping and electronic signatures, developed on the Tezos on blockchain.

Digitally authenticating documents is a $3 billion dollar market and growing. Tezos DigiSign makes digital authentication more efficient and a whopping 15 to 70 times cheaper.

One of their first clients is “Avis Clients Blockchain”, which provides authentication of customer reviews. Avis will provide this service to “Plus Que Pro” with 15 million unique visitors per year.

Exaion EDF Group

The second corporation that became a Corporate Baker is Exaion EDF Group.

Exaion EDF Group is a subsidiary of EDF, the second largest electric utility company in Europe with a yearly revenue of $70 billion, over 152,000 employees and partly owned by the French state.

Exaion EDF Group specializes in high performance computing and is a cloud provider for blockchain solutions.

“The French electricity giant wants to develop a whole ecosystem of “smart” applications. And not just in the energy sector.”

This was announced in combination with the news that they will also become a block validator in the Tezos LPoS system.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More

Werenode: Fusing Blockchain Brilliance with EV Charging Innovation

As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.

Read More

Tezos Community Prepares for Launch of tzBTC 2.0 on May 27th

The Tezos ecosystem is gearing up for the anticipated launch of tzBTC 2.0 on Monday, May 27, 2024, at 12:00 pm UTC. This development follows a successful keyholder session, where all necessary signatures were obtained, and backup flows were tested.

Read More

Updated Tezos Wallet App for Ledger Devices Introduces Enhanced Features

The Tezos wallet app for Ledger devices has been updated to version 3.0.3, introducing several significant enhancements that streamline the user experience and increase transaction security. This latest update offers important improvements designed to facilitate safer and more efficient interactions with the Tezos blockchain.

Read More