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Opera partners with Ledger Capital to grow blockchain technology initiative

Oslo, Norway and Shanghai, China - September 28, 2018

The two companies are planning to explore further applications and use-cases of the blockchain technology as well as growth opportunities that could be applied to Opera products.

Opera, one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms, today announces a strategic partnership with Ledger Capital, the leading strategic blockchain advisory and financial services firm. Ledger Capital has been providing strategic, technological and financial advisory services to various blockchain infrastructures, decentralized applications, multinational corporations and to government-backed projects and initiatives.

The two companies are planning to explore further applications and use-cases of the blockchain technology as well as growth opportunities that could be applied to Opera products.

"We are excited to work with an innovator and industry leader like Opera,” said Ding’an Fei, Managing Partner at Ledger Capital. “Opera has already taken the lead among the major browsers, with the integration of the innovative crypto wallet and investments from other leading crypto companies like Bitmain. We are looking forward to exploring the next steps in how Opera will leverage its massive ecosystem and technical competencies to create exponential value for its user base and the greater blockchain space ”.

In July 2018, Opera listed on Nasdaq under the ticker OPRA. In connection to this, Opera gained Concurrent Private Placements from Tospring Technology Limited (“Bitmain”), IDG China Capital Fund III L.P. (“IDG Capital Fund”) and IDG China Capital III Investors L.P. (“IDG Capital Investors”and together with IDG Capital Fund,“IDG”). Upon the completion of the initial public offering of Opera Limited, the parties purchased US$50,000,000, US$9,529,000 and US$471,000, respectively, of ordinary shares

Opera is the first major browser with a native crypto wallet

In July 2018, Opera became the first major mobile browser to add a built-in crypto wallet and Web 3.0 support. By introducing the crypto wallet, the Norwegian browser maker lowered the barrier of entry into the web of the future for users and developers alike. Since the wallet is built into the browser, internet users no longer need to install separate Dapp browsers or crypto wallet extensions.

The past 18 months have brought tremendous activity around cryptocurrencies and the vision for Web 3.0 and, with over 300 million users worldwide, Opera aims to facilitate the mainstream adoption of  cryptocurrencies.

“Having a crypto wallet in the browser brings the cash experience to the world of online payments,” said Charles Hamel, Product Lead of Opera’s crypto wallet. “Paying with the crypto wallet is like sending digital cash straight from your phone, and we’ve just made it easier. This opens up new possibilities for merchants and content creators alike.”

About Ledger Capital

Ledger Capital is headed by veterans in the venture capital and private equity space as well as leaders of prominent blockchain technology projects. The management team and operational teams have backgrounds from companies such as Warburg Pincus, New Enterprise Associates, Morgan Stanley, Goldman Sachs, Citadel, IBM and Microsoft. The firm has a full spectrum of capabilities including strategic advisory, investment banking, investment and operational support, with footprint across Shanghai, Beijing, Hong Kong, London and Seoul.

About Opera

Founded in 1995 in Norway, Opera now deliver browsers and AI-driven content delivery solutions to 322 million people worldwide in the first quarter of 2018. Opera is listed on Nasdaq under the OPRA ticker symbol. Follow our news at http://blogs.opera.com/news/.

Opera and Opera Software logo are trademarks of Opera Software AS.

 

About Opera

Since its founding in 1996, Opera has been a pioneer in shaping the future of the internet. Providing faster and more innovative web browsers, Opera is the everyday browser of choice for more than 320 million people.

Opera Software AS is a privately held company and is headquartered in Oslo, Norway. Follow our news at http://blogs.opera.com/news/.

Opera is a trademark of Opera Software AS.