Tether puts $200mn into Blackrock Neurotech as a strategic investment

Tether, the largest firm in the digital asset space, announced today that it has strategically invested $200 million in Blackrock Neurotech, the preeminent innovator in Brain-Computer-Interface (BCI) technology, through its newly established venture subsidiary, Tether Evo. With this purchase, Tether took a controlling position in Blackrock Neurotech. 

Marcus Gerhardt and Dr. Florian Solzbacher, two scientists and pioneers in BCI from the University of Utah, established Blackrock Neurotech in 2008. Since then, it has become the global leader in neural engineering, neuroscience, and neural prosthetics technology.

With just their thoughts, patients have been able to control robotic arms, steer wheelchairs, send messages, browse the internet, and even drive a car, thanks to Blackrock Neurotech’s cutting-edge brain interface technology. Blackrock Neurotech devices have demonstrated thought-to-text transmission rates of up to 62 words per minute in direct speed encoding and 90 characters per minute in typing.

Tether’s $200 million investment will primarily focus on commercializing and implementing Blackrock Neurotech’s cutting-edge medical solutions, which have already proven effective for over 40 patients. Blackrock Neurotech will utilize the investment to strengthen its research and development initiatives, ensuring its position as the top BCI company in the future.

Blackrock Neurotech is developing a secure connection between computers and artificial intelligence in an effort to increase human potential and promote human progress over time. Blackrock Neurotech has just begun a series of endeavors with Tether Evo that challenge the boundaries of what is feasible at the intersection of technological advancement and human capability. The Brain-Computer Interfaces developed by Blackrock Neurotech may present novel opportunities for cognitive development, rehabilitation, and communication.

Tether is excited to embark on this adventure with Blackrock Neurotech, as they represent a significant step towards a future in which technology not only enhances but also complements the human experience. 

Tether is broadening its scope beyond stablecoin products with the introduction of Tether Evo, the most recent addition to its portfolio of recently formed divisions ( Tether Edu, Tether Power, and Tether Data). 

The goal of Tether Data is to improve P2P and AI technologies; the goal of Tether Power is to promote renewable energy sources; and the goal of Tether Edu is to increase student access to educational materials. 

Nevertheless, Tether Evo stands as an exceptional example of how innovation and human potential may come together, with the goal of guiding mankind towards a future where technical progress and human skills come together in ways never seen before.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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