Itheum Lands Investment From Elrond Foundation, Mechanism Capital And Others As it Gears for Launch
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Dubai, Dubai, 17th March, 2022,
Itheum is pleased to announce an investment from Elrond, Mechanism Capital, and other crucial investors in the crypto and blockchain space. The funding extends the earlier USD 1.5 million round funded by Morningstar Ventures which incubated Itheum via their Elrond Dubai Incubator.
Itheum continues to turn heads in the cryptocurrency and blockchain world. The data brokerage project for Web3 development has secured additional funding from numerous prominent VCs and investors. Itheum raised
The extra funding notes participation from the Elrond Foundation, Mechanism Capital, Ascensive Assets, Woodstock, Skynet EGLD Capital, ZBS Capital, MHC Digital Finance, and Spark Digital Finance. Thanks to this extra financial injection, Itheum has now raised USD 4 million in capital, enabling the team to push the boundaries of how personal data can be owned and traded in the Metaverse.
The new investments mark another significant milestone for the Itheum team. Additionally, Itheum recently partnered with Elrond to become part of its ecosystem through the Maiar Launchpad, bringing its service to more users and developers.
Mark Paul, Founder of Itheum comments on the news: It's been an exciting few months for Itheum, with our web3 data technology establishing a unique value proposition for a decentralized, open metaverse. In a time when the world is concerned about data centralization and data exploitation, Itheum provides a much-needed opportunity for change - a vision that is shared by our amazing investors with whom we are glad to now share this journey.
Danilo Carlucci, CEO at Morningstar Ventures added: We are excited
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