Swarm Association, the team behind the development of an Ethereum-based decentralized storage network, has raised $6 million in a private token sale.
With fresh capital at hand, Swarm looks to launch its mainnet in Q2 of this year that has been under development for the last four years. Swarm’s network is expected to serve as the serverless internet’s operating system that hosts and runs decentralized applications.
Near the mainnet release, Swarm also plans to hold a public token sale, details of which will be shared when it is confirmed, said the association.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.