As a researcher with a background in technology and biomedical sciences, I am thrilled to see Tether’s strategic investment in Blackrock Neurotech. The potential of brain-computer interfaces (BCIs) to revolutionize the lives of people with neurological disorders is immense, and Tether’s $200 million investment marks a significant step forward in bringing these life-changing technologies to market.
Tether, the company behind the popular stablecoin USDT (the largest stablecoin in terms of market value), has recently finished making significant investments after undergoing business restructuring.
On April 29, I, Tether, made a strategic $200 million investment in Blackrock Neurotech, securing a majority stake in the neural implant company. This move was facilitated by Tether Evo, our newly established venture capital branch.
Founded in 2008, Blackrock Neurotech has made a name for itself as a world leader in the development of human brain-computer interface (BCI) technology. They are recognized for their cutting-edge brain-computer interfaces.
As a dedicated analyst, I’m passionate about our firm’s mission to make a significant difference in the lives of countless individuals worldwide who face challenges with mobility, sight, hearing, sensation, or speech due to paralysis, lost function, and neurological disorders. We are committed to exploring innovative solutions to help them regain their ability to walk, see, hear, feel, or communicate more effectively.
With the advanced brain interface technology from Blackrock Neurotech, individuals have been able to accomplish various tasks by only using their thoughts. These tasks include controlling robotic limbs, navigating wheelchairs, sending messages, browsing online, and even driving cars.
As a researcher in the field of brain-computer interfaces (BCIs), I’d recount an intriguing development from 2016: I came across the groundbreaking story of Nathan Copeland, a patient of Blackrock Neurotech. Using their advanced BCI system, Nathan managed to control a robotic arm and extend its fist to perform a fist bump with then-U.S. President Barack Obama – an unprecedented achievement that made headlines around the world.
As a researcher studying investments in the field of medical technology, I can share that Tether’s $200 million investment is intended to bring to market solutions that have demonstrated success in improving the health of over 40 individuals. This funding will not only support the commercialization and rollout of these proven treatments, but also enhance Blackrock Neurotech’s ongoing research and development efforts. My perspective is that this strategic investment will help secure their position as a leading player in Brain-Computer Interface (BCI) technology, with a vision to contribute significantly to human evolution over the long term.
As a crypto investor, I’m excited about the latest announcement from Tether’s CEO, Paolo Ardoino. According to him, Blackrock Neurotech is merely the starting point for Tether Evo, Tether’s new initiative aimed at backing projects that push the limits of technological innovation and human potential. He emphasized, “This is just the beginning.”
“Tether is thrilled to embark on this new chapter alongside Blackrock Neurotech. Their innovation holds the promise of a tomorrow in which technology not only supports but elevates human life.”
Florian Solzbacher, a co-founder of Blackrock Neurotech, emphasized that the company’s goal of assisting in restoring functions for individuals is a prolonged effort calling for committed and forward-thinking collaborators.
“He expressed his excitement about collaborating with Tether, a company dedicated to discovering and fostering technologies that benefit the masses and propel humanity forward, to realize our mutual vision.”
A few days ago, Tether announced the creation of four new business units: Tether Data, Tether Finance, Tether Power, and Tether Edu.
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2024-04-29 16:20