True Global Ventures prospects Web3 pioneer ChromaWay’s $ ten million funding round

ChromaWay, a top Web3 pioneer based mostly in Sweden, effectively raised $ ten million in a funding round led by True Global Ventures (TGV).

We are thrilled to announce that True Global Ventures invests in ChromaWay!@ChromaWay is a top pioneer of Web3, creating blockchain technologies platforms that have defined the business because 2014.

Details: https://t.co/sKqoSctUPH. pic.twitter.com/XBlkYHxrf2

– Cromia | Power to the public (@Chromia) January 15, 2022

ChromaWay’s key product or service is Chromia, a platform that combines blockchain with a relational database. The platform aids developers make decentralized applications for distinct industries, this kind of as finance, gaming, and residence.

The platform was made use of to make well-liked metaverse video games, this kind of as My Neighbor Alice and Mines of Dalarnia. In 2017, the venture supplied a pilot check to deliver land registers in India to the blockchain.

The corporation was founded by Alex Mizrahi, Henrik Hjelte, Or Perelman and Iddo Bentov in 2014 and is now one particular of the top pioneers of blockchain and Web3 technologies.

Dusan Stojanovic, founding companion of the TGV four Plus fund, which invested $ five million in the round, stated: “We believe Chromia can become the blockchain standard for gaming applications.”

Last September, True Global Ventures raised in excess of $ a hundred million for its TGV four Plus fund, which invested in firms like Animoca Brands, a Hong Kong-based mostly blockchain gaming unicorn.

About ChromaWay

ChromaWay was founded in 2014. It is a “relational blockchain”, which is a blockchain and at the very same time a relational database. A new blockchain architecture that combines the energy and versatility of a relational database and the fault tolerant decentralized safety of the blockchain. Powering Chromia, a decentralized public application platform that provides an practical experience for customers and developers that no other blockchain platform can match. ChromaWay has a track record of operating on corporate tasks because 2015, from banking infrastructure to public sector applications. ChromaWay is also regarded for a variety of applications in the land and residence registration course of action across 4 continents, green finance and payments applications.

Update the information and facts about the Chromia Vietnam venture right here: Ad channel | Discussion channel

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