Blockchain infrastructure provider Gateway.fm raises $4.6 million in funding round
It is reported that Gateway. fm, a blockchain infrastructure provider, completed a US $4.6 million financing led by Lemniscap. CMT Digital, the LAO DAO, Fantom…
It is reported that Gateway. fm, a blockchain infrastructure provider, completed a US $4.6 million financing led by Lemniscap. CMT Digital, the LAO DAO, Fantom Foundation and Unstop Domain Ventures are investors participating in the financing.
Blockchain infrastructure provider Gateway. fm completed US $4.6 million financing
Analysis based on this information:
Gateway.fm, a blockchain infrastructure provider, has announced the successful completion of its latest financing round, led by Lemniscap. The investment of US $4.6 million saw participation from several other investors, including CMT Digital, the LAO DAO, Fantom Foundation, and Unstop Domain Ventures.
Gateway.fm is a blockchain infrastructure provider that helps companies build and deploy decentralized applications (dApps) on the blockchain quickly and easily. Its core product, Gateway Protocol, allows developers to create and deploy smart contracts without needing to understand the underlying blockchain technology.
Lemniscap, the lead investor in the funding round, is a venture capital fund that focuses on blockchain investments. With over $200 million in assets under management, the fund has a history of investing in innovative and game-changing blockchain start-ups.
CMT Digital is a well-known trading firm in the cryptocurrency space that has invested in several blockchain companies. The LAO DAO, on the other hand, is a decentralized autonomous organization that invests in non-fungible tokens (NFTs). The Fantom Foundation and Unstop Domain Ventures are also investors in the blockchain space.
The funding raised by Gateway.fm will allow the company to expand its product offering and further develop its infrastructure to increase the adoption of blockchain technology. The funds will also be used to invest in marketing activities and talent acquisition.
The successful completion of this funding round is a testament to the growing interest and confidence in blockchain technology as a disruptive force in various industries. With more companies looking to migrate their operations onto blockchain infrastructure, there is a need for infrastructure providers such as Gateway.fm to provide easy and efficient solutions.
In conclusion, Gateway.fm’s latest funding round has put the company in a strong position to capitalize on the growing demand for blockchain infrastructure. With a solid list of investors, the company can continue to innovate and develop its products and services to support the growth of decentralized applications. The investment is a positive development for the blockchain industry, as it underscores the continued growth of interest in disruptive technologies.
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