
Singapore government-owned company Temasek is doubling down on its crypto investment strategy with a $10 million injection into Array, a new scalable algorithmic currency that uses artificial intelligence and smart contracts.
Despite having suffered significant losses through exposure to bankrupt crypto exchange ftxTemasek is committed to the crypto space.
This latest investment is a significant step in its efforts to explore and leverage the potential of emerging crypto technologies.
The move is also indicative of the growing interest among institutional investors in AI-powered crypto solutions and their potential to reshape the financial landscape in the coming years.
Temasek believes in the crypto space as it invests $10 million
recently, Array declared Support from Temasek stating its participation in the second funding round.
The company said the investment will take Array’s valuation to more than $100 million.
Temasek’s investment in Array is a clear indication of its unwavering belief in the potential of crypto and blockchain technology.
As a forward-thinking player in the market, the firm is committed to supporting the growing innovations in the crypto space and the dynamism of expansion that comes with it.
Temasek recognizes the value and vision behind Array’s new projects, and wants to participate in this movement by supporting the company.
Furthermore, through its investments, Temasek is actively exploring safe and stable alternatives to traditional crypto assets, which are often plagued by volatility and security issues.
In November, the Government of Singapore accepted A public statement said the firm’s exposure to FTX had damaged its reputation.
Temasek suffered a huge loss of $275 million on the FTX exchange.
New Scalable Array Algorithmic Currency Functionality
is the new algorithmic currency Design To provide increased scalability, efficiency and stability compared to other crypto assets Bitcoin,
The monetary system includes several use cases, such as remittances, payments, and investments.
The smart contract platform, also known as ArrayFi, will enable the development of decentralized applications (DApps) via smart contracts.
Array’s native token is ARA and will be issued and traded following the Bonding Curve smart contract.
Array’s bonding curves function completely differently from those dependent on centralized controllers. Instead, ArrayGo, a self-invented AI algorithm, drives the bonding curves in the system.
ArrayGo will first observe market movements, learn, and then make predictions.
Finally, it will precisely adjust the bonding curve to ensure stability and eliminate risks.
ArrayGo’s functionality is independent of any human or institutional influence but is entirely triggered by market movements.
one in blog postThe Array team discussed traditional bonding curves through manual implementation.
According to the post, this will help create a stable value for the token and allow investors and traders to predict the potential trend of the asset.