Bitcoin Asia Conference Highlights
At the Bitcoin Asia Conference, Mova, a public blockchain, officially unveiled its mainnet and secured important collaborations including one with the Join the Planet Foundation, spearheaded by football superstar Lionel Messi.
Performance Metrics
Wael Muhaisen, the CEO of Mova, shared that during the testing phase, the platform achieved a remarkable throughput of 110,000 transactions per second (TPS) and an impressive confirmation time of just 1.5 seconds.
Compliance Features
Moreover, Mova incorporates essential compliance features at its core, such as KYC/AML protocols, account tagging, and on-chain audits, establishing it as a robust infrastructure for compliant global payments and the issuance of real-world assets (RWA).
Partnership with Join the Planet Foundation
Shady, a founding partner of the Join the Planet Foundation, articulated the partnership’s mission: “Together, we aim to create environmentally sustainable NFTs. Our collaboration is rooted in shared values of responsibility. The expertise and technical prowess of the Mova team are truly commendable. The importance of transparency and traceability cannot be understated in our initiatives, and Mova serves as the perfect platform for our goal.”
Funding and Valuation
In a prior development, Mova raised significant capital with a valuation of $100 million, a funding round led by the Aqua1 Foundation and GeoNova Capital, a UAE-based investment fund established by Standard Chartered Bank in conjunction with several local institutions and family offices, alongside contributions from top financial entities in Abu Dhabi.
Conclusion
Mova’s innovations and partnerships position it as a vital player in bridging the US stablecoin landscape with financial activities in the Middle East.
