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tokentus investment AG invests USD 300,000 into the US-based HOPR AI Inc., known as Jiritsu Network, who offers verifiable blockchain computing

EQS-News: tokentus investment AG / Key word(s): Investment tokentus investment AG invests USD 300,000 into the US-based HOPR AI Inc., known as Jiritsu Network, who offers verifiable blockchain computing 21.09.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. tokentus investment AG invests USD 300,000 into the US-based HOPR AI Inc., known as Jiritsu Network, who offers verifiable blockchain computing

• Jiritsu Network enables verifiable off-chain computation and thus the verification of data and workflows on blockchains
• tokentus invests USD 300,000 via a SAFE (Simple Agreement for Future Equity) with the conversion option into equity of HOPR AI Inc., with a token warrant, providing the option to buy future tokens with an equity to token ratio of 1:1
• This is an investment in core infrastructure to solve a specific problem of data and workflows for blockchains

Frankfurt am Main, 21. September 2023 - Frankfurt-based tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D) has invested USD 300,000 via a SAFE into HOPR AI Inc. ("Jiritsu Network") registered in Delaware, USA, with headquarters in New Jersey, USA.

Founded in 2020, the company says it has developed technologies such as Unlimited Verifiable Compute (UVC), aiming to offer an easily programmable approach that can be applied to any workflow and generates “Proof of Workflow”. To ensure mass adoption and further use cases of blockchain technology, based on the view of tokentus, various aspects such as security, scalability, risk management and AI data integrity need to be addressed and improved. In addition, the computational capabilities of Layer 1 and Layer 2 blockchains are currently limited. Jiritsu Network is working to solve and advance these aspects and limitations.

According to its own positioning and description, Jiritsu Network thus specifically solves a recurring problem in the field of blockchain technology. Normally, off-chain data (such as stock market prices) are collected outside blockchains and are then transferred onto blockchains. Based on this data, different processes can then be executed with the help of smart contracts. The transfer of this off-chain data is made possible by so-called "oracles". However, there are some restrictions. For example, oracles can verify numbers, but cannot make any statement about how they were calculated. This means that untrustworthy data could be transferred to a blockchain and end up in a smart contract.