Security-focused blockchain, Energi (NRG) has secured a $50 million commitment from alternative investment group GEM Digital Limited to accelerate its NFT project.
- Energi said that it will use the new fund to strengthen the team for its upcoming NFT marketplace and collections, as well as expand its other NFT-related products and services, build partnerships, and diversify its product suite.
- Bahamas-based GEM Digital Limited (GEM) is a digital asset investment firm. GEM actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.
- Launched in mid-2018, Energi has rapidly built noteworthy technical infrastructure including innovative security protocols which disable criminal behavior, as well as multi-layer scalability.
- The company is currently focused on launching its NFT marketplace, which according to Energi will be a major competitor to the leading players like Opensea and Rarible.
- Tommy Rostami, Energi CEO, said, “We are super excited to bring GEM into Energi, they are a powerful partner and will provide us enormous support for our upcoming NFT ecosystem!”.
- Energi CEO Tommy envisioned a blockchain that prioritized user protection along with sound governance. His goal was to develop Energi on solid ground, such as an environmentally friendly blockchain with EVM-compatible smart contracts and scalable layer-2 technology.
- Energi has come a long way under Tommy’s guidance. The company now employs more than hundred talented professionals dedicated to providing a secure blockchain experience to the world.
- Interestingly, this is the first funding of any sort for Energi which has sustained itself for around four years by self-funding, rather than having launched with a pre-mine or ICO.
- NRG, the native token of Energi blockchain, is available on a number of major exchanges such as KuCoin, Energiswap, and Uniswap.
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