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Tether is looking outside of digital assets for their latest big bet. But, why?
What’s happening:
- Tether has announced they have made a $200 million investment into Blackrock Neurotech
- Tether is the parent company of popular stablecoin USDT
Why it matters:
- Tether has been ramping up the frequency of their venture capital investments, previously announcing one of the largest purchases ever of GPUs for artificial intelligence computing power
The big idea:
- Blackrock Nuerotech develops Brain Computer Interfaces that are capable of helping individuals who are experiencing loss of neurological functions
By the numbers:
- Blackrock Nuerotech’s device technology is based on 19 years of human studies and more than 2000 published scientific studies
- Blackrock Neurotech’s Brain Computer Interfaces are used by researchers across 1000 labs in more than 53 different countries
Going deeper:
- Neurotech has been seeing a influx in attention following Elon Musk’s Neuralink implanting their flagship brain chip into a human patient for the first time ever
