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May 1, 2024 : Blackrock Neurotech, a leading developer of brain-computer interface (BCI) technology, has received a significant boost through a $200 million investment from Tether, the issuer of the popular stablecoin USDT. This strategic move signifies a potential turning point for Blackrock Neurotech, injecting substantial capital into its research and development efforts.
Tether’s investment marks the launch of its new venture capital division, Evo, dedicated to exploring the convergence of technology and human potential. By acquiring a majority stake in Blackrock Neurotech, Tether positions itself as a key player in the burgeoning field of BCIs.
Blackrock Neurotech specializes in creating neural implants that allow individuals with neurological conditions to control external devices using brain signals. This technology holds immense promise for improving the lives of individuals suffering from paralysis, limb loss, and other neurological disorders.
The $200 million infusion of crypto funds will be instrumental in accelerating Blackrock Neurotech’s mission. It will facilitate the wider commercialization of existing BCI solutions, currently tested on over 40 individuals, and fuel further research and development efforts.
This investment highlights the growing interest in BCIs and their potential to revolutionize human-computer interaction. Tether’s strategic move signifies its belief in Blackrock Neurotech’s capabilities and the transformative possibilities of BCI technology.
Therefore, the $200 million crypto investment in Blackrock Neurotech represents a significant step forward for the company and the BCI field. This capital injection paves the way for further advancements and wider accessibility of this transformative technology, potentially impacting the lives of countless individuals in the years to come.
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