South Korean global blockchain investments fund Hashed has invested an undisclosed amount in Kochava Labs’ XCHNG, an open-source blockchain framework for digital advertising, according to Kochava CEO Charles Manning.

XCHNG is capable of handling millions of transactions per second, according to Kochava’s press release, which is good for a digital advertising industry that has had well-publicized problems involving fraud.

“We’re all big fans of Charles and his team’s work and are confident that if anyone can bring blockchain to the ad tech industry, it’ll be XCHNG,” said CEO and partner Simon Seojoon Kim of Hashed, whose other investments include EOS, OmiseGO, Ethereum and Kyber Network. Read more here.

ThirtyK Staff
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