The blockchain industry has come a long way over the past 11 years, and today, it is at the core of how numerous financial institutions carry out transactions. In the last couple of years, various organizations have also benefited from blockchain applications, including documentation, digital identity, exchanges, payments, and (of course) smart contracts.
The increasing adoption of blockchain solutions across industries and rising government initiatives are driving growth within the blockchain market. To help meet the demands of the marketplace, the security, venture capital, and private equity firm, Zokyo, partnered with Oddiyana Ventures, an investment firm exploring and investing in early-stage blockchain projects.
How does it work?
Oddiyana Ventures believes in funding projects in DeFi, gaming, metaverse, NFTs, web3 applications, unstoppable finance, and other relevant new developments in this space. The company also incubates projects, provides expert advisory services, and helps in accelerating the growth of a project.
“Oddiyana Ventures have an impressive track record in investing and accelerating blockchain projects, in particular those operating in gaming, NFT, and metaverse ecosystems,” said Andrew Rowlstone, CMBDO for Zokyo. “Through our partnership with Oddiyana Ventures, Zokyo forms a strategic alliance by way of investing in the early-stage projects they support, in addition to becoming the due diligence and smart contracting auditing arm of the business,” he added.
Partnering with Zokyo allows Oddiyana Ventures to rely on their expertise to provide services to their clients, including security audits, penetration testing, and other security assessments. This is in addition to securing strategic investment through the venture capital arm, Zokyo Ventures.
Why does it matter?
The blockchain market is forecasted to grow exponentially from $4.9 billion in 2021 to $67.4 billion by 2026 (growing at a CAGR of 68.4% over the forecasted period). Both Zokyo and Oddiyana Ventures are also growing in tandem, and through this partnership, both companies’ capabilities will strengthen the marketplace.
“Zokyo has one of the finest tech teams, and they have got experts who have set the benchmark in the field of cybersecurity and have equally excelled in providing blockchain auditing services. The amount and quality of work executed by them are also quite impressive and applaudable. Oddiyana Ventures is happy to partner with Zokyo, and we look forward to our future collaboration,” said Fabian Van Doesburg, Partner, Oddiyana Ventures.
