Blockchain infrastructure company OpenRelay joins 20|30
Group
The Internet is Breaking –
OpenRelay
is creating infrastructure and developer tools to reinvent the way
the Internet works and accelerate the creation of a decentralised
digital economy
Launches first
privacy focused
and scalable Ethereum gateway to protect Web3 users from data
harvesting
LONDON
–
30
October
2019 - ADVFN
NewsWire – 20|30 Group has signed an exclusivity agreement to
purchase OpenRelay, a start-up creating
privacy-first infrastructure and developer tools to accelerate the
evolution of the decentralised economy. Through their
powerfully simple infrastructure, which allows for endless
scalability without having to think about costs or privacy
concerns, OpenRelay hopes to liberate economic
innovators to think creatively and boldly shape the future of
technology.
"Entrepreneurs
and technologists should only be limited by their imaginations -
not the infrastructure they rely upon daily," observes Austin
Roberts, CEO and lead developer of OpenRelay. "As a longstanding member
of the Ethereum community, OpenRelay has already pushed the
ecosystem forward with multiple contributions and projects. This
includes Cortex, a relay service for the widely adopted
0x protocol.
These paradigm-breaking open-source products aim to put the
developer experience first."
One such product
is
Rivet. Launched
in
September,
it is the first privacy-focused, open source gateway to Ethereum
which aims to protect Web3 users from exploitative data mining
practices; seamlessly connecting businesses and their
developers to the blockchain so they can build products of the
future.
Rivet is rapidly becoming
recognised as the
new global industry standard for Web 3 data privacy with partners,
such as MyEtherWallet
(MEW), using
Rivet technology to
substantially
strengthen their Ethereum blockchain security.
Roberts
said:
"Data fuelled the technological revolution. But as we create a new
digital world using decentralised technologies, we can build an
Internet that is both immune to data harvesting and powered by
infrastructure that is compliant and user-centric.
This is why we created Rivet. As a new gateway to Ethereum, we
invite entrepreneurs and developers all over the world to connect
to the blockchain via Rivet and power their dApps with the strongest privacy
policy available. We believe our privacy guarantee sets a new
standard; we will never monetize our users' data."
"The
Internet we have
today is breaking," observes Tomer
Sofinzon, CEO and Founder of 20|30
Group. "Thirty years into mass internet adoption, we have lost
control of our data and bad actors are abusing the data they can
freely collect on those of the 7.5 billion people in the world who
go online to search, post, shop or generally interact with the
internet. Austin and the team at OpenRelay are collaborating with the
developer community and inventing a new era of the internet using
open-source decentralised distributed ledger technology to fix
today's problems."
Sofinzon
adds: "We are
thrilled OpenRelay are part of 20|30's
fast-growing portfolio of bold and revolutionary new companies and
are confident they will become part of the backbone of blockchain,
helping developers unleash innovation on a global
scale."
OpenRelay
(openrelay.xyz)
joins 20|30 Group
initially as a venture portfolio company and will become a wholly
owned subsidiary of 20|30 Group subject to completion of regulatory
and legal due diligence. Based in Lenexa Kansas
United States,
the company was founded by Austin Roberts (CEO), Greg
Lang (CXO) and Beth Van Horn (COO) in April 2018.
-ends-
Notes to
editors
20|30
is a global
innovation group for decentralised technologies and
provides a new
alternative to the traditional ways of financing innovation.
It is
a hybrid of a
private equity firm, venture capitalist, accelerator and
corporation. 20|30 is building a fast-growing,
diverse, yet complementary portfolio of companies, all with one
common theme – bold and revolutionary ideas leveraging
decentralised technologies to solve real world problems.
20|30 acquires
high potential businesses as well as builds its own market-driven
solutions in-house. In effect, 20|30 is building the products and
services that will be mainstream in the year 2030.
For more
information visit
www.2030.io,
LinkedIn or
Twitter
For more information and to register
your interest in 20|30 click here
