Jupiter Project has partnered with GEM Digital Limited, in a deal that has seen GEM commit up to $25 million to invest in the firm. As a result of this collaboration, Jupiter Project will have access to more funding. This will allow it to better serve its community and its clients. Specifically, Jupiter will be able to fund the hiring of more developers and the implementation of outreach programs. Ultimately, these will improve the availability of blockchain-based solutions for the company’s community and clientele.
What prompted the partnership?
Global Emerging Markets (‘GEM’) is a $3.4 billion digital asset investment firm with offices in Paris, New York, and the Bahamas. This company aggressively sources, structures, and invests in utility tokens traded on over 30 CEXs and DEXs around the world. In addition, it has closed more than 520 transactions in 70 countries and is increasingly concentrating on emerging markets.
Jupiter’s encryption is of military standard, so users can rest certain that their information is safe and secure. Its primary benefits are the ability to encrypt all data, make it immutable, and replicate it automatically. Jupiter Project’s superior encryption features make it a viable solution for running private and public networks with trustless dApps.
Each node that operates on Jupiter’s public or private blockchain uses a copy of the database that has been verified. They all have to be in accordance with the network consensus. To top it all off, the blockchain’s consensus algorithms ensure that only high-quality data is added to the distributed and trusted ledger. This ensures that verification is possible even without any third-party involvement.
The company plans to develop new products and port the original decentralized applications (dApps) that were built on Jupiter following its migration to an infrastructure based on Ethermint. Metis is a very advanced and decentralized system developed by the Jupiter Project and protected by end-to-end encryption (E2EE). In addition to this, Metis is resistant to censorship and media blackouts.