THXNET and AsiaTokenFund Group Forge Strategic Partnership for Web3 Expansion October 31, 2023 October 31, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 31, 2023 by Kelly Cromley

THXNET and AsiaTokenFund Group Forge Strategic Partnership for Web3 Expansion

In a significant development, THXNET, a Japan-based Web3-as-a-Service Blockchain Infrastructure firm, has joined forces with AsiaTokenFund Group, a prominent web3 conglomerate headquartered in Asia. This strategic partnership aims to expand the reach of THXNET’s cutting-edge blockchain technology infrastructure services into the broader Asian market, ushering in a new era of web3 innovation.


Founded merely four years ago, THXNET has rapidly emerged as a trailblazer in the blockchain sphere. It has introduced a unique offering centered around its dedicated Layer 1 (L1) infrastructure, meticulously empowered by the robust THXNET Layer 0 (L0) Rootchain. This innovative foundation is built upon the state-of-the-art Substrate framework, meticulously refined by the seasoned experts at THXLAB, the development company behind THXNET.

THXNET Unveils Game-Changing Web3 Infrastructure Services

In a significant milestone, THXNET’s Layer 1 Blockchain transitioned to the main-net in June. The platform has been crafted with a singular vision, serving as a bridge between the traditional digital landscape (web2) and the decentralized web3 future. THXNET positions itself as a Web3-As-A-Service provider, offering web2 companies a streamlined gateway to access the burgeoning world of web3.


Aro Kondo, the CEO & Co-Founder of THXNET, emphasizes the practical success of the platform, stating, “THXNET’s success is not just theoretical. We have two operational Layer 1 chains running on our main-net, demonstrating real-world viability and adoption.” Currently, THXNET boasts multiple use-cases and clients who are building on top of its framework, spanning various sectors, including gaming, digital asset wallets, lifestyle applications, and more.


Furthermore, THXNET’s parent company, BANQ, has initiated a joint venture in Japan with a financial media company listed on the Tokyo Stock Exchange, focusing on Web3 business. Leveraging THXNET as a foundational platform, they are concurrently engaged in Web3 marketing, sports-related initiatives, and carbon credit trading projects. The joint venture is also in discussions with several major group companies in the finance and e-commerce sectors.


It is worth noting that THXNET has already begun generating revenue from its Layer 0 and Layer 1 chain users, establishing itself as a self-sustaining entity in the competitive blockchain market.


THXNET’s commitment to innovation extends to the imminent launch of its new mobile application, hailed as the world’s first super-app tailored specifically for developers. This revolutionary application provides developers with a unique capability to create, connect, build, and explore the functionalities of the THXNET blockchain, all within a single interface. Aro Kondo elaborates, “We recognize the challenges developers face in navigating the decentralized world. Our super-app is not just a tool; it’s a comprehensive solution, bringing all the functionalities they need to their fingertips, simplifying their journey in the blockchain space.”


The partnership with AsiaTokenFund Group holds the potential to be a game-changer. Ken Nizam, the Co-Founder of AsiaTokenFund Group, comments on the collaboration, stating, “This partnership melds our technical expertise with AsiaTokenFund’s deep market insights and presence. Together, we are not just aiming to make waves but to reshape the digital landscape across Asia.” Ken Nizam’s appointment as THXNET Advisor and CMO underlines the strategic significance of this partnership, as he will lead the go-to-market strategies in Asian markets.


The collaboration between THXNET and AsiaTokenFund Group promises to push the boundaries of what’s achievable in the web3 realm. It aims to ensure that the transition from web2 to web3 for companies is not only possible but also seamless and efficient, marking a significant step forward in the evolution of blockchain technology in the Asian market.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.