Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners

Metalpha Technology Holding Ltd (NASDAQ: MATH), a wealth management company for cryptocurrencies, said on Friday it will work with Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem.

The Litecoin foundation is a non-profit that maintains and develops products for the namesake blockchain.

The partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use and energy efficiency, and lowering carbon emissions from blockchain mining in the Litecoin Network.

Metalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining.

(By Shaurya Malwa)

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