EQBR announced on the 11th that it had attracted investment from domestic web3 fund management company InterVest and Layer 1 (L1) mainnet Avalanche. This investment is part of the Series A round, and the investment amount is undisclosed.
This investment was made by InterVest’s Web3 Fund and Blizzard Fund, which was established with the goal of expanding the Avalanche ecosystem. EQBR is a Blockchain Service Provider (BSP). It provides blockchain service development platform EQ Hub, blockchain wallet and messenger service Whisper, and blockchain-based membership platform Memble.
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Ho-Gun Lee, Senior Analyst at Invest who led this investment round, explained the investment background as follows: “EQBR is a sustainable company that combines legacy infrastructure and blockchain in the finance, entertainment, and royalty fields.”
Kim Yong-il, CEO of Avalanche Asia, said, “This strategic investment will enable us to create synergy in the field of enterprise blockchain adoption solutions utilizing Avalanche L1.”
- Reporter Do Ye-ri
- yeri.do@decenter.kr
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