Inery Acquires Investment From Metavest at $128 Million Valuation

By Chainwire

September 14, 2022 – Singapore, Singapore

Inery, a decentralized data management system, has announced that it has secured an investment from Web 3.0 focused blockchain VC firm Metavest in the first week of September at the valuation of $128 million.

Inery is a decentralized data management system bringing DB to Web 3.0. It provides low-cost, reduced latency, secure and tamper-resistant solutions for data management. The data management system aims to ensure users, including gamers and businesses, retain control of their data in the metaverse via owner-controlled data assets.

Based in Singapore, Inery has branch offices in Switzerland, Dubai and Serbia – a truly multicultural company, relying in full on the strength of its in-house teams. Since its inception, Inery has attracted the attention of the blockchain industry due to its elegant solutions for one of the main issues of Web 3.0 – database decentralization and security.

Inery’s use cases can be applied to diverse sectors, including governments, enterprises, aviation, GameFi, healthcare and metaverse. It provides a potential cross-chain solution for users to interact with their data assets in the entire metaverse domain using its DB solution.

The project rolled out its first public testnet on August 10, 2022, preceding its upcoming launch, and is also scheduled for listing at the end of the third quarter of 2022.

Through this funding, Inery aims to expand its use cases – particularly in GameFi – where the company seeks to explore the full potential of the booming gaming industry with verified digital ownership of assets. Additionally, Inery aims to build a space for its users to seamlessly create and share NFTs.

Metavest has previously invested in and made strategic partnerships with several successful blockchain projects. Their investment portfolio includes Concordium, CasperLabs, Coinlist, Gala Games, Bored Ape Yacht Club, Splinterlands, Star Atlas, Duelist King, Nakamoto Games, Ember Sword and more.

Dr. Naveen Singh, CEO and co-founder of Inery, said,

“Inery is very selective when it comes to new partnerships and collaborations. We aim to become a pillar of Web 3.0, which is why when Metavest showed interest in our project we were more than happy to partner with a metaverse and NFT-focused platform. We believe that Inery and Metavest can extensively help each other reach both companies’ goals.”

Inery will list its token in Q3 of this year, 2022. Visit the company’s website and follow its official social media accounts to learn more.

About Inery

Inery is a proprietary layer one blockchain and decentralized data management solution. The network enables a decentralized, secure and trusted foundation for database management by leveraging blockchain technology. It integrates blockchain functionalities and distributed database properties to create a paradigm shift in data access, storage and management.

About Metavest

Metavest Capital is a blockchain VC firm focused on metaverse and NFT gaming projects. Their core investments include play-to-earn games, digital tokens and in-game assets. It offers capital, strategy and advisory to a variety of exciting new projects within this growing ecosystem.

Contact

Tijana D. Gertner, director of marketing and PR at Inery

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Check out the Latest Industry Announcements