The partnership aims to explore further opportunities for blockchain technology and its applications on opera software products.
Opera-Ledger Capital in a major Blockchain Partnership
Software company Opera, an internet browser opera mini is partnering with blockchain firm ledger capital on a major blockchain initiative. The software company aims to revive its struggling business by leveraging the vibrant blockchain and cryptocurrency ecosystem into its software applications.
To achieve its goal opera choose a strategic partner, Ledger Capital a leading blockchain advisory and financial services company. Looking at the rich portfolio of Ledger Capital, one would easily come across records for successfully providing advisory services to major blockchain platforms. The company’s scope of services however includes also other multinational corporations implementing blockchain related financial solutions.
Leveraging blockchain technology
In their mutual partnership, the two companies hope to successfully explore additional applications and use-cases of the blockchain technology. Opera Inc., on the other hand, wants to leverage blockchain technology to boost the growths and development of its software solutions.
Ding’an Fei, Managing Partner at Ledger Capital states
“We are excited to work with an innovator and industry leader like Opera. “Opera has already taken the lead among the major browsers, with the integration of the innovative crypto wallet and investments from other leading crypto companies like Bitmain. We are looking forward to exploring the next steps in how Opera will leverage its massive ecosystem. And also technical competencies to create exponential value for its user base and the greater blockchain space ”.
Opera blockchain initiative shoots up this year with the company’s shares listed on Nasdaq under the ticker OPRA. With the Nasdaq listing opera gained investment capital from top companies such as Tospring Technology Limited (“Bitmain”), IDG China Capital Fund III L.P. (“IDG Capital Fund”) and IDG China Capital III Investors L.P. (“IDG Capital Investors” and together with IDG Capital Fund, “IDG”).
Furthermore, the company successfully conducted an Initial Public Offering (IPO) raising over $60,000,000 in share sales. With this gigantic capital opera, inc can implement profitable blockchain business including but not limited to developing its own ‘OPRA’ cryptocurrency.
Opera Blockchain Endeavour
During the early days of smartphones when Nokia’s Symbian mobile operating system was the OS of choice for all smartphones, opera emerge as the browser of choice for all smartphones. The company distributed millions of its browser software enabling them to later develop the PC version of the opera mini internet browser.
With the development of faster lighter and more robust internet browsers like google chrome and Microsoft edge, opera wants to leverage blockchain to claim its lost customers. In July 2018, opera became the first major mobile browser to add a built-in crypto wallet and web 3.0 support. This means internet users and crypto enthusiast has no reason to install an e-wallet plugin onto their browser.
Charles Hamel, Product Lead of Opera’s crypto wallet points that
“Having a crypto wallet in the browser brings the cash experience to the world of online payments. Paying with the crypto wallet is like sending digital cash straight from your phone, and we’ve just made it easier. This opens up new possibilities for merchants and content creators alike.”
We are yet to see the bigger picture of the Opera’s blockchain initiative to confirm whether the company is expanding its scope or just improving sales. Although google chrome is Google’s browser of choice for android phones. In addition, the millions of users still download the opera mini android browser.
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