Proceeds will help in accelerating development strategies by broadening the tech infrastructure, strengthening the 5ireChain team, and making use of advanced marketing solutions.
According to the official sources, 5ireChain has now successfully raised $10m in total from some well-known blockchain VCs and HNWIs.
Launchpool, Alphabit Fund, Marshland Capital, Oracle Investments Group, Brotherhood Capital, Moonrock Capital, Fairum Ventures, Titans Ventures, Magnus Capital & Coach K led the oversubscribed private sale round with participation from a host of other strategic partners, including Moonboots Capital, CSP DAO, Black Dragon, Avalon Wealth Club, X21 Ventures, BSClaunch, Sky Ventures, DCI Capital and other HNWIs like Pialy Aditya, CSO of republic.co and Jan Strandberg, founder of yield.app.
5ireChain is a tier 1 high-performance distributed computing platform with lavish runtime functionalities oriented towards sustainability at the consensus level.
5ireChain is looking to build a strong developer community with an aim to become the infrastructure of other crypto projects. It intends to be the leading blockchain ecosystem to solve sustainability issues with its core technology, “Proof of 5ire”, which integrates sustainability & social impact at the consensus mechanism level by economically rewarding companies for their sustainable practices.
“Having better performance is only a fraction of the problem when you’re competing with other blockchains,” the team shared.
“5ireChain has the potential to leverage blockchain technology and address the challenges of sustainability to build an ecosystem that is potentially huge and transformative for society, the economy, and the environment,” said Pratik Gauri, Co-founder, and CEO at 5ireChain.
“We are grateful to all our investors for the staggering support. 5ireChain is destined to change the economy in the immediate future, matching the necessity to have a very high level of transparency and economic efficiency with the goal of reaching a more sustainable world,” said Prateek Dwivedi, Co-founder, and CMO at 5ireChain.
“We are grateful for and humbled by the investment we have received from so many leaders in the blockchain industry,” added Vilma Mattila, co-founder, and CBO at 5ireChain.
“5ireChain’s leadership team presented us with a passionate vision of leveraging an ever-evolving technology like blockchain to solve some of our world’s greatest problems. This mission is both inspiring and infectious at a time our world desperately needs business leaders to affect impactful change. Marshland Capital is proud to partner to support this vision with this great team,” stated David Marshall, co-founder at Marshland Capital.
“Brotherhood is proud to support the 5ire team’s aim to leverage blockchain technology to tackle our world’s most pressing problems. The world should work towards a sustainable future and global economy which realises the core values crypto has to offer: privacy, decentralization, and unprecedented efficiency,” said Kinch, CTO at Brotherhood Ventures.
“The goal is to create a user-centric sustainability-driven ecosystem within the blockchain. OIG is thrilled to be working closely with 5ireChain in this exciting journey,” stated Peter Nguyen, CMO at OIG Capital.
About 5ireChain
5ireChain is the world’s first sustainability-driven blockchain platform that allows enterprises to be more sustainable & innovative, therefore accelerating the implementation of the United Nations’ 2030 Agenda for Sustainable Development.
5ireChain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy.5ireChain is on a mission to cater to the never-before solved problem of sustainability, and create a platform to transform the businesses from the current Industry 4.0 to Industry 5.0 – where businesses act as a force for good; and profits & benefits co-exist.
You can find more information about 5ireChain by visiting the links provided below:
- Website: https://5ire.org
- White paper: https://bit.ly/5ireWP
- LinkedIn: https://www.linkedin.com/company/5ireChain
- Twitter: https://twitter.com/5irechain
- Discord: https://discord.gg/h5gY4B6mFY
- Telegram: https://t.me/OfficialFireChain
Media Contact
Company Name: 5ire
Contact Person: Vilma Mattila
Email: Send Email
State: London
Country: United Kingdom
Website: https://5ire.org
