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Intel plants flag in blockchain with new product group

Chipmaker Intel (Nasdaq: INTC) is formally getting into the blockchain business. The company announced a custom product group within its new graphics chip business unit and its goal to have a blockchain accelerator chip shipping later this year. Blockchain technology, which underpins things like cryptocurrency and non-fungible tokens (NFTs), is growing in use and advocates believe will be integral to the next evolution of the internet by changing how we store, process and transact digitally.

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