WEMADE Made a Strategic Investment in Shardeum, an Indian blockchain project

  • Synergistic effect with the WEMIX3.0 ecosystem, business expansion to India
  • Project led by India’s biggest crypto exchange founder and veteran blockchain architect

SINGAPORE, Oct. 19, 2022 /PRNewswire/ — Wemade announced a strategic investment in Shardeum, an Indian blockchain project. The company aims to seek synergistic effect through working with Shardeum for WEMIX3.0, its blockchain mainnet. Business expansion to India is also planned.

(PRNewsfoto/Wemade Co., Ltd)

Shardeum is the world’s first EVM(Ethereum Virtual Machine)-based sharded blockchain mainnet. With dynamic state sharding technology, the blockchain can linearly scale and increase TPS(transaction per second) with every node added to the network, and the network can maintain low gas fees indefinitely.

The project, which is also India’s first mainnet, is led by Nischal Shetty, founder of India’s biggest crypto exchange WazirX and Omar Syed, a veteran blockchain architect.

“Shardeum’s excellent technology and the potentials of the project and Indian market was taken into consideration,” said Henry Chang, CEO of Wemade. “We will continue to seek partnerships with companies and projects that can strengthen the WEMIX3.0 ecosystem.”

Jane Street and The Spartan Group joined this seed round along with Wemade and others.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wemade-made-a-strategic-investment-in-shardeum-an-indian-blockchain-project-301654325.html

SOURCE Wemade Co., Ltd


Source link

The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy