- The HBAR Foundation has announced a new partnership with the Nordic Blockchain Association to promote blockchain adoption in Denmark, Finland, Norway, Iceland and other Nordic nations.
- The Foundation will share best practices, support positive legislation and offer its expertise in developing blockchain infrastructure and ecosystems.
The HBAR Foundation, whose mandate is to promote the development of the Hedera blockchain ecosystem, has joined forces with the Nordic Blockchain Association (NBA) to promote the adoption of blockchain technology in Denmark, Iceland, Finland, Norway and other nations Nordic.
The Foundation announced Monday that it has joined the NBA, which reflects its commitment “to supporting the financing of blockchain use cases in the region, sharing best practices and a global vision.”
We are proud to announce that we have joined forces with @nordicblock to support blockchain and DLT adoption in the Nordics 🌐
This reflects our commitment to supporting the financing of blockchain use cases in the region, sharing best practices and global vision 👇https://t.co/C9vvqHRwil
– HBAR Foundation (@HBAR_foundation) June 17, 2024
NBA is a non-profit organization building the largest professional Web3 network in the Nordic countries. It unites founders, thought leaders and policymakers through membership, events and policymaking. The NBA’s work with regulators has included training, advocacy and working with lawmakers to support legislative initiatives that lay the foundation for blockchain innovation. It boasts over 100 partners, 150 meetings and four working groups.
The HBAR Foundation joins existing partners, including Binance, Settlemint, Fireblocks, PwC, Ernst & Young and Coinify.
“Together, we aim to promote the development of supportive legislation, infrastructure and a vibrant ecosystem that enhances and harnesses the full potential of blockchain in the Nordic countries and global society at large,” the Foundation said.
Despite being one of the most talent-rich regions, the Nordic nations are often overlooked in the blockchain space. However, efforts like those of the NBA are changing that. The Association will host the Nordic Blockchain Conference in Copenhagen starting tomorrow, June 19, which will be attended by over 750 delegates.
Speakers will include Dorian Vincileoni of Kucoin, Caner Sevinc of Gemini, Filippo Frangioni of Novo Nordisk and Assia Gardiner of Boston Consulting Group.
The HBAR Foundation commented:
And of all the Web3 hotspots in the world, the talent-rich Nordic region tends to go unnoticed, but we see this partnership as a key element in advancing our long-term vision, making inroads with the potential to lead and provide direction on the extensive development and deployment of Web3 in a region rich in talent and at the forefront of the cryptocurrency industry.
The partnership with the NBA is the latest in a long line for the Hedera ecosystem as it expands its reach and influence. Last month it joined the Crypto Information Sharing and Analysis Center (ISAC) to build trust, drive adoption and drive security initiatives. Other ISAC members include Coinbase, ConsenSys, Kraken, Fireblocks, and Circle.
Meanwhile, HBAR is trading at $0.07504shedding 8.5% for a market capitalization of $2.6 billion in the last day, despite doubling its trading volume to $105 million. The token was caught in a broader market red wave that saw the overall market capitalization fall 2.5% to $2.33 trillion, with Solana losing 5%, while Dogecoin, Shiba Inu and ICP lost more than 10%.
