Middle East

Inery Acquires Investment from Metavest at $128 Million Valuation

Inery, a decentralized data management system, secured an investment from web3-focused blockchain VC firm Metavest in the first week of September at a valuation of $128 million.

Through this funding, Inery aims to expand its use cases. At GameFi in particular, he seeks to explore the full potential of the booming gaming industry with verified digital ownership of assets. Additionally, we aim to build a space for users to create and share NFTs.

Inery, on the other hand, offers a low-cost, low-latency, secure and tamper-proof method for data management. This data management system is intended to allow users, including gamers and businesses, to maintain control over their data in the Metaverse via owner-controlled data assets.

The company is based in Singapore and has branch offices in Switzerland, UAE and Serbia. Its use cases are applicable across a variety of verticals, including government, enterprise, aviation, GameFi, healthcare, and the metaverse. We use our DB solution to provide a potential cross-chain solution for users to interact with data assets across the metaverse domain. The project will deploy its first public testnet on August 10, 2022 and is expected to go public at the end of the third quarter of 2022, prior to its next launch.

read: Inery Blockchain Launches First Public Testnet

“Inery is very cautious about new partnerships and collaborations. We aim to be a pillar of web3. We believe that Inery and Metavest can broadly support each other in achieving our mutual goals,” said Dr. Naveen Singh, CEO and co-founder of Inery. said.

https://gulfbusiness.com/inery-acquires-investment-from-metavest-at-128m-valuation/ Inery Acquires Investment from Metavest at $128 Million Valuation

Show More
Back to top button