• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

5ire raises $ a hundred million to produce the “most sustainable blockchain in the world”

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Blockchain layer-one 5ire has just closed its Series A round with $ a hundred million raised by the United kingdom-primarily based consortium Sram & Mram.

5ire raises $ a hundred million to produce the “most sustainable blockchain in the world”

5ire, a degree one sustainable blockchain born in Dubai, has just acquired $ a hundred million from Sram & Mram. It is reported that the corporation will use the raised capital to broaden the brand in Asia, North America and Europe, though maintaining India as the most important target.

Related articles

Chartist Peter Brandt raises Bitcoin's 2025 target to $200K

Chartist Peter Brandt raises Bitcoin&#39s 2025 target to $200K

February 27, 2024
Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023

one/three# 5ira it is now a single of the quickest in the globe #unicornreally worth $ one.five billion following a $ a hundred million grant from United kingdom headquarters @sramram group!@pratikgauri @prateek_fire @cryptideas pic.twitter.com/9exGAWNT0d

– 5ireChain (@ 5ireChain) July 15, 2022

The funding round brought the company’s valuation to $ one.five billion and created 5ire the quickest expanding blockchain in India and the world’s 1st blockchain unicorn with sustainability at its core, representing the declared organization.

5ire’s organization model is to inspire useful action in line with the United Nations Sustainable Development Goals (SDG). The corporation calls it a evidence of advantage mechanism. Additionally, 5ire will allow decentralized autonomous organizations (DAOs) to assist accelerate 17 SDG targets.

Co-founder and CEO Pratik Gauri commented:

“We embody the fifth industrial revolution, our secret is not to use Proof-of-Stake or Proof-of-Work, but to reward sustainable behavior with Proof-of-Benefits instead.”

Sailesh Hiranandani, Founder and President of Sram & Mram, is also pleased to say:

“5ire is a blockchain that ‘big governments and companies will use’ in the near future, taking Malaysia as an example. They have been very proactive and interested in applying blockchain, for example, in immigration control and medical cards. Working with a sustainable level 1 partner is ideal and 5ire is the perfect piece. This will benefit us in dealing with other countries and offices in more than eight countries ”.

Sram & Mram comprises ten organizations in 35 areas spanning agriculture, artificial intelligence, hedge fund management, media and publishing, hospitality and IT.

Gauri founded 5ire in August 2021 with colleagues Prateek Dwivedi and Vilma Matilla. Gauri and Dwivedi, buddies for in excess of a decade, came up with the plan in an Indian tea home. In October them raised $ 21 million from the seed round with the participation of Alphabit, Marshland Capital, Moonrock Capital …

Although the marketplace is rather detrimental, the wave of capital mobilization is even now coming back really robust. In the final couple of days alone, there have been virtually ten fundraising and fundraising operations for improvement, together with: Animoca Brands ($ 75 million), Gnosis Safe ($ a hundred million), Multicoin Capital ($ 430 million), Saber Labs ($ a hundred). million USD. ), Lightspeed ($ 500 million) and Mysten Labs ($ 200 million).

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: 5ireBlockchaindevelopmillionraisessustainableWorld
Share76Tweet48

Related Posts

SEC’s Peirce Foresees Crypto ETF In-Kind Redemptions

by shark
June 26, 2025
0

SEC Commissioner Hester Peirce signals potential regulatory evolution with anticipated in-kind creations and redemptions for crypto ETFs.

European Commission Eases Rules on Stablecoins Amid ECB Concerns

by shark
June 26, 2025
0

European Commission plans to ease stablecoin regulations despite European Central Bank opposition, impacting cross-border cryptocurrency transactions.

World Liberty Financial Sets WLFI Token Transfers In Motion

by shark
June 26, 2025
0

World Liberty Financial Inc. prepares WLFI token transfers and stablecoin audit release amid institutional interest.

Bitcoin’s Path to $120K: Inflows and Technical Signals

by shark
June 26, 2025
0

Bitcoin shows potential for a $120K breakout, supported by institutional inflows and technical indicators.

Bit Digital Shifts Focus to Ethereum Staking Strategy

by shark
June 26, 2025
0

Bit Digital pivots to Ethereum staking, exiting Bitcoin mining amid a $150M capital raise.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • SEC’s Peirce Foresees Crypto ETF In-Kind Redemptions
  • Qubetics Lists on a CEX on June 30 as the Top Cryptocurrency to Buy, Cosmos Dips, and TON Gains
  • European Commission Eases Rules on Stablecoins Amid ECB Concerns
  • Best Meme Coins for Exponential Returns: Arctic Pablo, Dogs & Neiro Set to Explode
  • World Liberty Financial Sets WLFI Token Transfers In Motion
  • Bitcoin’s Path to $120K: Inflows and Technical Signals
  • Bit Digital Shifts Focus to Ethereum Staking Strategy
  • TCAT Presale Frenzy + Degen & Coq Inu Insights.
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7