Blockchain Infrastructure Provider Gateway.FM Closes $4.6M Financing

02/20/2023 14:06 • Metaverse & Beyond • 107 views

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

Interpretation of the news:

Gateway.fm, a blockchain infrastructure provider, has completed a funding round that raised a total of US $4.6 million. The financing was led by Lemniscap, a blockchain investment firm that specializes in early-stage investments in digital assets and distributed ledger technologies. Other investors that participated in the funding round included CMT Digital, the LAO DAO, Fantom Foundation and Unstop Domain Ventures.

The funding will be used to further develop and expand Gateway.fm’s blockchain infrastructure services, which include blockchain development, decentralized finance (DeFi) solutions, and smart contract development. The company’s focus has been on building an ecosystem that supports blockchain-based businesses and applications by providing them with the tools and infrastructure they need to succeed.

The involvement of leading blockchain investors such as Lemniscap and CMT Digital underscores the potential of Gateway.fm’s vision and its ability to execute on its goals. As blockchain technology continues to gain mainstream adoption, businesses and organizations are increasingly looking for reliable, secure and scalable blockchain infrastructure providers. Gateway.fm’s comprehensive suite of offerings positions it well to capitalize on this growing demand.

The financing also highlights the continued interest among investors in the blockchain space, despite recent market volatility and the ongoing regulatory uncertainty surrounding cryptocurrencies and digital assets. The participation of multiple high-profile investors in the funding round suggests that there is still confidence in the long-term potential of blockchain technology and its applications.

Overall, the completion of the financing round is a positive development for Gateway.fm and reflects the company’s success in building a strong foundation for its blockchain infrastructure services. With the infusion of capital, the company will be able to accelerate its growth and continue to develop new products and services that support blockchain-based businesses and applications.

In summary, Gateway.fm’s $4.6 million financing led by Lemniscap represents a significant milestone for the company and the blockchain industry as a whole. The funding will enable Gateway.fm to expand its offering of blockchain infrastructure services to businesses and organizations seeking reliable and scalable blockchain solutions. The involvement of leading blockchain investors also illustrates the continued confidence in the potential of blockchain technology and its role in shaping the future of business and finance.

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