Petale Secures $150,000 from Microsoft accelerator program to scale-up its blockchain and Tokenization Platform

Following months of development and a successful launch of its Vortex Blockchain Testnet, Petale has secured $150,000 through the “Microsoft for Startups” accelerator program. This milestone reflects Petale’s journey from ideation to acceleration with the Tech giant, Microsoft.

Petale is building the on-chain infrastructure for financial services, aiming to bridge the gap between traditional financial operations and on-chain liquidity. This strategic collaboration is focused on scaling up its tokenization platform and facilitating digital investments in the real economy.

The Microsoft for Startups Founders Hub is offering Petale best-in-class developer tools and cloud offerings across every function, enabling the company to deploy nodes of the Vortex Blockchain network globally. This deployment aims to accelerate the adoption of tokenized assets and unlock new opportunities for Petale’s community and partners.

Petale’s on-chain technology also benefits from a partnership between Microsoft and OpenAI, a research firm dedicated to bringing the benefits of AI to its partners. Through this collaboration, Microsoft and OpenAI will provide credits for the OpenAI API Innovation License, expanding the capabilities of Petale’s platform, products, and services. This collaboration facilitates the integration of GPT-4, one of the world’s most advanced language-based AI models, into Petale’s tokenization platform, thereby offering AI-powered solutions.

Petale’s tokenization solutions enable comprehensive management of tokenized assets and blockchain operations, translating to cost efficiency, new revenue opportunities for asset owners, service providers and investors. In its cooperation with Microsoft, Petale stands at the forefront of innovation by leveraging Microsoft technologies to deploy Vortex nodes directly from Microsoft Azure.

“We are thrilled to be part of the Microsoft acceleration program that provides Petale with great capabilities, facilitating the development, deployment, and management of on-chain and off-chain applications with Microsoft. Petale will also benefit from the recent partnership with OpenAI to explore machine learning capabilities by leveraging GPT-4 across various fields” said Babacar N. Seck, the Founder & CEO of Petale.

This collaboration with Microsoft marks a strong step in Petale’s journey to transform traditional financial operations using blockchain and tokenization technologies.

For more information about Petale, contact-us or visit our website.

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