Coinweb announces USD2 Million fundraising round from SAVA.

1 min read

Hong Kong, April 2023 -SAVA Investment Management, a licensed fund manager registered in the Cayman Islands and British Virgin Islands, has partnered with Coinweb to buy back 6% of the total supply of CWEB tokens.

Coinweb, a layer two cross-chain computation platform, has been in development since 2017. Some of the founders, early contributors, and previous team members who are no longer actively involved in the project have agreed to sell their holdings.

Johan Ditz Lemche, Managing Director of SAVA Investment Management, said “We are delighted to support and invest in Coinweb. The project has shown tremendous progression its technology and well-developed business strategy. We recognise Coinweb’s resilience and dedication to innovation within the current environment of the digital asset space.”

Toby Gilbert, CEO & Co-Founder, expressed his satisfaction with the partnership and explained that the tokens will be used for continued ecosystem build-out, as the project moves to full production readiness in anticipation of the mainnet launch. “We are proud to announce this strategic partnership. SAVA understands and is aligned with our core values. This is a significant vote of confidence during this challenging period. The remaining founding members and I are extending both the lockup and vesting period of our own tokens to show our long-term commitment to the project and give a strong signal to our community.”

In 2022 Coinweb released a cross-chain tokenization platform; LinkMint, a native marketplace; DeconX, and a multi-tenancy wallet. The blockchain-agnostic protocol lowers the barrier to entry for large enterprises while ensuring the continuity of the liveness of these projects.

About Coinweb:

The Coinweb Protocol is a platform used to run decentralised applications on top of multiple different blockchains using them as one. This allows developers of applications to combine the best properties and functionalities of each blockchain.

Coinweb Labs is a design and build consultancy service that creates custom-built and turnkey solutions for decentralised applications interacting with Web3. Coinweb Labs is responsible for building third-party projects on top of the Coinweb protocol and incubating new projects.

For more information, visit


Ain Mohd +66 6143 28757

Ain At

Crypto Oasis Ventures Opens New Venture Studio Office at DIFC Innovation Hub.

Weare thrilled to partner with Dubai International Financial Centre (DIFC), a renowned financial hub known for its regulatory excellence and commitment...

3 min read

Government Blockchain Association (GBA) Successfully Deploys PlatoAi.

“We are excited to continue our support for the GBA and its growing community of thought leaders and see a perfect...

1 min read

Blockchain Startup Viral Content Marketing Service For SaaS, DeFi, NFTs Launched

An online marketing agency is introducing a new approach to content marketing, promising “overnight” web omnipresence to blockchain companies.

1 min read

Crypto Oasis Ventures and Roland Berger officially launch “The Green Block”

Dubai, June 21st, 2023: The Green Block, a groundbreaking initiative dedicated to fostering Environmental, Social, and Governance (ESG) projects in Web3,...

2 min read

GMEX ZERO13 and Zumo Collaborate on New Carbon Credit Offering.

The integrated solution will seek to enable Zumo to leverage GMEX ZERO13’s hub connectivity to digital carbon registries, trade execution venue...

3 min read

Crypto Oasis Ventures Opens New Venture Studio Office at…

3 min read

Government Blockchain Association (GBA) Successfully Deploys PlatoAi.

1 min read

Blockchain Startup Viral Content Marketing Service For SaaS, DeFi,…

1 min read