{"id":26025,"date":"2024-02-06T17:26:41","date_gmt":"2024-02-06T17:26:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hedera-announces-250m-deal-with-saudi-ministry-of-investment\/"},"modified":"2024-02-06T17:26:41","modified_gmt":"2024-02-06T17:26:41","slug":"hedera-announces-250m-deal-with-saudi-ministry-of-investment","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hedera-announces-250m-deal-with-saudi-ministry-of-investment\/","title":{"rendered":"Hedera announces $250M deal with Saudi Ministry of Investment"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707238698575-b1c2f682-4643-4748-a74c-c4ffe03ac067-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707238698575-b1c2f682-4643-4748-a74c-c4ffe03ac067-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707238698575-b1c2f682-4643-4748-a74c-c4ffe03ac067-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707238698575-b1c2f682-4643-4748-a74c-c4ffe03ac067-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Hedera has announced it sealed a five-year, $250 million deal for blockchain and Web3 initiatives in Saudi Arabia.<\/li>\n<li dir=\"ltr\">HBAR price rose more than 5% following the major development.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/hedera\/\">Hedera<\/a> has secured a $250 million investment deal from the Saudi Arabia government, according to details the blockchain platform shared today.<\/p>\n<p dir=\"ltr\">The deal is part of a five-year agreement The Hashgraph Association, a Swiss-based non-profit helping to develop the Hedera blockchain signed with the Saudi Ministry of Investment, Hedera posted on X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As part of a five-year agreement valued at $250m with the Saudi Ministry of Investment (<a href=\"https:\/\/twitter.com\/MISA?ref_src=twsrc%5Etfw\">@MISA<\/a>), <a href=\"https:\/\/twitter.com\/The_Hashgraph?ref_src=twsrc%5Etfw\">@The_Hashgraph<\/a> Association has announced the launch of the DeepTech Venture Studio \u2013 empowering companies to develop innovative technological solutions. <a href=\"https:\/\/twitter.com\/hashtag\/web3?src=hash&amp;ref_src=twsrc%5Etfw\">#web3<\/a><a href=\"https:\/\/t.co\/wnqA9H4rm4\">https:\/\/t.co\/wnqA9H4rm4<\/a> <a href=\"https:\/\/t.co\/Yi6EJWqEh6\">https:\/\/t.co\/Yi6EJWqEh6<\/a><\/p>\n<p>\u2014 Hedera (@hedera) <a href=\"https:\/\/twitter.com\/hedera\/status\/1754846420484477016?ref_src=twsrc%5Etfw\">February 6, 2024<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Hedera launces DeepTech Venture Studio<\/h2>\n<p dir=\"ltr\">Per the <a href=\"https:\/\/www.leaders-mena.com\/hashgraph-launches-deeptech-venture-studio-in-riyadh\/\" rel=\"noopener noreferrer\" target=\"_blank\">announcement<\/a>, The Hashgraph Association has launched DeepTech Venture Studio, a venture targeted at empowering local Saudi as well as companies in the technology space.\u00a0<\/p>\n<p dir=\"ltr\">In particular, the project will look to promote adoption across blockchain, artificial intelligence, robotics, and Internet of Things (IoT). Also targeted is virtual reality and quantum computing.<\/p>\n<p dir=\"ltr\">Hashgraph and the Saudi Ministry of Investment officially signed off the agreement for the studio during the Saudi-Swiss roundtable meeting in Riyadh.<\/p>\n<p dir=\"ltr\">With the major deal in Saudi in place, Hashgraph has added to recent initiatives aimed at driving further development of the Hedera network. These include the <a href=\"https:\/\/coinjournal.net\/news\/hedera-and-algorand-forge-an-alliance-for-crypto-recovery\/\">partnership with Algorand<\/a> that introduced the Decentralized Recovery (DeRec) protocol.\u00a0<\/p>\n<p dir=\"ltr\">Announced earlier this year DeRec is an initiative that seeks to bolster digital asset security and recovery efforts. The program also involves the HBAR Foundation and Algorand Foundation.<\/p>\n<p dir=\"ltr\">Today\u2019s news saw the price of Hedera native token HBAR surge by more than 5% to above $0.076.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/hedera-inks-250-million-deal-with-saudi-ministry-of-investment\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Hedera has announced it sealed a five-year, $250 million deal for blockchain and Web3 initiatives in Saudi Arabia. HBAR price rose more than 5% following the major development. Hedera has secured a $250 million investment deal from the Saudi Arabia government, according to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26025"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26025"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26026"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}