[PRESS RELEASE – Dubai, United Arab Emirates, February 23rd, 2024] Flare’s earliest investors, including Hong Kong and US-based Kenetic, New York-based Aves Lair, and others, have doubled down on the leading Blockchain for Data by extending token vesting, limiting token sales, and committing significant new capital to investing across the Flare ecosystem. This landmark agreement between investors and Flare leadership signals a renewed partnership and extended commitment by Flare’s long-term supporters designed to protect the Flare community, invest in future development, and limit pressure on the token ecosystem.
Kenetic Founder Jehan Chu said, “We wholeheartedly believe in Flare’s vision for securing data in the age of Web3 and the potential for FAssets to empower non-smart contract tokens. With this re-structuring and agreement to invest heavily in Flare’s economic and financial infrastructure growth, we are confident that our early investment will grow exponentially beyo

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