• Days
  • Hours
  • Mins
  • Secs
  • Mon, 21 Oct 2019, 05:48 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

NEM launches NEM Studios to spearhead development of blockchain engine ‘Catapult’

Fri, 21 Jun 2019, 10:44 am UTC

The NEM Foundation, a non-profit set up to promote NEM blockchain technology, and NEM Holdings, a not-for-profit company of NEM Ventures, have announced NEM Studios, a dedicated unit to support the ongoing development of Catapult.

The developers of NEM teamed up with blockchain startup Tech Bureau back in 2016 to develop Catapult – a full-featured blockchain engine powering both public and private networks with unique smart contract plugins to enable a wide range of capabilities such as digital asset creation, decentralized swaps, advanced account systems, and business logic modeling. In March 2018, they announced the beta launch of Catapult.

Catapult, which is the next generation of the NEM protocol, is planned for release later this year.

NEM Studios will be tasked with assisting in the delivery of a high speed, configurable and scalable blockchain solution to enterprises across the globe.

“NEM Studios will be focused on creating a more user-friendly network that is built with the end user in mind,” Alexandra Tinsman, President of the NEM Foundation, said.

According to the press release, the new unit will be a part of the NEM Holdings group and the development activities will be funded directly by NEM Core.

NEM Studios will be led by David Shaw, Chair and Trustee of NEM Holdings and Chair of the Investment Committee for NEM Ventures, who will serve as Director. It will be contracted by the NEM Foundation under the newly introduced service provider model to deliver the go-to-market strategy for Catapult. A steering committee will lead the go-to-market strategy and comprise of David Shaw, Alexandra Tinsman, and Nate D’Amico.

The unit will be responsible for the recruitment of an experienced CTO and a team of developers who will assist with the development of the Catapult Core protocol and API layer.

“We are thrilled to be creating a dedicated team to bring Catapult to life this year and support its development into the future. We will be looking to recruit the best in the business, with deep technology experience, and look forward to creating a more effective and scalable ecosystem for our community,” Shaw said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,226.23 (+1.42%)
  • Ethereum (ETH) $174.26 (-0.38%)
  • XRP (XRP) $0.292800 (-0.02%)
  • Bitcoin Cash (BCH) $231.99 (+3.59%)
  • Litecoin (LTC) $54.73 (-0.09%)
  • Bitcoin (BTC) $8,226.23 (+1.42%)
Oct 21, 2019 (Monday)
11:50
Crypto Technicals: LTC/USD halts downside at strong trendline support, breakout above 21-EMA to confirm near-term upside
11:12
Crypto Technicals: XMR/USD edges above 21-EMA, technical bias turning bullish
07:57
Crypto Technicals: BCH/USD bounces off strong trendline support, break above 21-EMA (228.68) to see bullish continuation
06:18
Crypto Technicals: ETH/USD struggles to extend gains, finds stiff resistance at 179
04:55
Crypto Technicals: BTC/USD pauses upside at 21-EMA (8326), break above to buoy Bitcoin bulls
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft