Genesis Block Ventures Joins Cudos as Network Validator

LONDON, April 23, 2021 (Newswire.com) - Full-service investment company Genesis Block Ventures (GBV) is happy to announce that they will be running a validator node on Cudos. 

With a mission of building the future through blockchain technology, GBV would support the development of the centralized cloud computing platform, further expanding Cudos' network reach to the global blockchain ecosystem. 

Founded in 2017 by serial tech entrepreneur Matt Hawkins, Cudos is the next-generation cloud platform being built by Cudos that will connect consumers of cloud computing to providers looking to monetize their underutilized hardware. 

Cudos provides a secure, Turing-complete Layer-2 oracle network governed by smart contracts. It offers blockchain developers a bridge to the off-chain world of data, APIs and computing power, reducing the cost and increasing the performance for decentralized finance (DeFi) and other popular blockchain use cases. 

"We are thrilled to have GBV onboard as a validator adding further value, credibility and industry expertise into our fast-scaling network. Their team has supported us every step of the way since participating in the CUDOS private sale prior to our token launch, and like many of our backers, GBV recognises the long-term potential of what we are building, opting to stake their tokens and contribute to a healthy network." Douglas Stewart, Head of Marketing, Cudos

As a private investment company, Genesis Block Ventures has been an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects. 

Closely working with Genesis Block HK, Asia's leading digital asset over-the-counter (OTC) trading center, GBV has invested in some of the most prominent blockchain startups, such as Serum, Linear Finance, SuperFarm, among others, making sure that these projects achieve success through strategic partnerships and guidance. 

"Cudos consistently impresses us with the unique technology innovation and market positioning. Capturing the massive demand for decentralized cloud computing, Cudos has proved its potential with the exponential network growth since its inception. In less than four years, Cudos is already generating revenue with users in over 145 countries, hitting a major milestone of 100,000 users globally in 2020."

"With the strategic partnership, GBV firmly gives Cudos a vote of confidence. We are proud to be a contributor to its long-term success, and are excited to be part of this journey as Cudos grows and expands internationally!" Charles Y, Partner at GBV.

About Genesis Block Ventures

Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia's leading digital asset over-the-counter (OTC) trading center.  

As a private investment company with a mission of building the future through blockchain technology, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.

About Cudos

Cudos is bridging the gap between Cloud and Blockchain, by using the world's available computing to power a more decentralized, sustainable and connected world.

Cudos is being designed as a cross-chain, decentralized compute network, with CUDOS as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing API's.

In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.

For more information, please visit: Website: www.cudos.org Twitter: https://twitter.com/CUDOS_ Telegram: https://t.me/cudostelegram

Source: Cudos