Inery acquires investment from Metavest for $128 million

[PRESS RELEASE – Singapore, Singapore, 14th September 2022]

Inery, a decentralized data management system, announced that it secured a $128 million investment from blockchain-focused web 3 company Metavest in the first week of September.

Inery is a decentralized data management system that brings DB to Web3. Provides low-cost, low-latency, secure and tamper-resistant solutions for data management. The data management system aims to ensure that users, including players and companies, retain control of their data in the metaverse via owner-controlled data assets.

Headquartered in Singapore, Inery has branches in Switzerland, Dubai and Serbia – a truly multicultural company that relies entirely on the strength of its internal teams. Since its inception, Inery has captured the attention of the blockchain industry due to its elegant solutions to one of Web3’s main problems – database decentralization and security.

Inery’s use cases can be applied to various sectors including government, enterprise, aviation, GameFi, healthcare, and the Metaverse. It provides a potential cross-chain solution for users to interact with their data assets across the metaverse using its own DB solution. The project launched its first public testnet on August 10, 2022, ahead of its next launch, and is also scheduled to be listed at the end of the third quarter of 2022.

With this funding, Inery aims to expand its use cases — particularly in GameFi, as the company seeks to explore the full potential of the burgeoning game industry with digital ownership of verified assets. In addition, Inery aims to build a space for its users to seamlessly create and share NFTs.

Metavest has previously invested in and established strategic partnerships with several successful blockchain projects. Their portfolio includes Concordium, CasperLabs, Coinlist, Gala Games, Bored Ape Yacht Club, Splinterlands, Star Atlas, Duelist King, Nakamoto Games, Ember Sword and more.

“Inery is very selective when it comes to new partnerships and collaborations. We aim to become a pillar of Web3, which is why when Metavest showed interest in our project, we were more than happy to partner with a platform focused on Metaverse and NFT. We believe Inery and Metavest can help both of them.” The other is largely in achieving the goals of the two companies,” says Inery CEO and co-founder Dr. Naveen Singh.

Inery will list its token in the third quarter of this year (2022). Visit the company’s website and follow its official accounts on social media to learn more.

About Inery

Inery is a tier 1 decentralized and blockchain data management solution. The network enables a decentralized, secure and reliable foundation for database management by utilizing blockchain technology. It integrates the capabilities of the blockchain and the capabilities of a distributed database to create a paradigm shift in data access, storage, and management.

About Metavest

Metavest Capital is a blockchain VC firm focused on Metaverse and NFT gaming projects. Their primary investments include games to earn money, digital tokens, and in-game assets. It provides capital, strategy and advice for a variety of exciting new projects within this growing ecosystem.

The Inery post which is acquiring an investment from Metavest at a valuation of $128 million first appeared on CryptoPotato.

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