Coinspeaker
DeFi Protocol Grove Secures $7.9M in Funding for Business Expansion
In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday.
According to the report, citing an emailed statement, the investment round garnered support from major venture capital companies, including Fidelity-affiliated Avon Ventures, Placeholder Capital, and Druid Ventures.
DeFi Protocol Grove to Expand Its Business Offerings
The platform, which provides innovative solutions to software developers and businesses for building and deploying apps atop its ecosystem, plans to use the new capital to expand its business offerings and foster strategic collaborations within the crypto industry.
The move aims to propel the adoption of its innovative decentralized physical infrastructure (DePIN) into the mainstream.
For clarity, DePIN serves as the dece
We współpracy z: https://www.coinspeaker.com/defi-grove-7-9m-funding/
