Some of the largest Asian venture capital firms and crypto hedge funds will invest $100 million to further develop applications on a new blockchain called Assembly under the IOTA network, co-founder Dominik Schiener told Reuters in an interview.
Assembly will focus on decentralized finance , non-fungible tokens , and cryptocurrency games, Schiener said.DeFi projects, facilitating crypto-denominated lending outside traditional banking, and NFTs, which are digital assets certified to be unique and not interchangeable are two of the fastest-growing crypto sectors. Many blockchain companies around the world have pivoted to cater to this space to meet increasing demand.
Asian investment firms led by LD Capital, Signum Capital, Huobi Ventures, UOB Venture Management, HyperChain Capital, and Du Capital have committed $100 million to funding developments in the Assembly network, Schiener said. Crypto market-maker GSR will also contribute to the $100-million investment, he added.These firms also took part in a seed funding around earlier this year that raised $18 million for Assembly.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oxford Shooting Survivors File $100 Million Lawsuit Against DistrictTwo sisters, one of whom was shot in the neck, say administrators could have prevented the deadly school shooting in Michigan.
Read more »
Michigan school shooting 'entirely preventable,' $100-million suit saysA deadly shooting at a Michigan high school that authorities have said was carried out by a 15-year-old boy was 'entirely preventable,' according to a lawsuit seeking $100 million in damages filed on Thursday against the school district and its officials on behalf of two sisters who survived the rampage.
Read more »
Oxford School Shooting Suits Begin: School District Hit With Two $100 Million LawsuitsTwo sisters are experiencing post-traumatic stress disorder after one was shot in the neck and the other “narrowly escaped the bullets” during the shooting, the lawsuit alleges.
Read more »
Oxford High Survivors File $100 Million Lawsuit Against School DistrictThe parents of two girls — one of whom was shot in the neck — allege that school administrators ignored signs of violence displayed by the shooter.
Read more »
Asian markets rise as investors await U.S. inflation dataAsian stock markets followed Wall Street higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on...
Read more »
Asian shares slip ahead of key U.S. inflation dataAsian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates.
Read more »