The Block: Scytale backs decentralized storage solution Sumi Network's $3 million raise
The blockchain industry is constantly evolving, and one of the most exciting developments in recent years has been the growth of decentralized storage solutions.
The blockchain industry is constantly evolving, and one of the most exciting developments in recent years has been the growth of decentralized storage solutions. One company that is leading the charge in this space is Sumi Network, our most recent investment.
As noted in The Block:
"Web3 infrastructure provider Sumi Network has raised $3 million to build out its decentralized communication and storage solutions.
The seed round is led by Scytale and brings the startup's valuation to $30 million. Other investors include Fuse, D1 Ventures, DFG and TRGC, the company said in an email."
You can read the rest at the link here: Scytale backs decentralized storage solution Sumi Network's $3 million raise
With an increasing number of businesses looking to adopt blockchain technology, Sumi Network is well positioned to provide a solution that meets their needs.
We are excited to see how the company continues to develop and evolve its offerings, and how it will continue to shape the future of the blockchain industry.