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 coinweb.io

CONTACT INFORMATION:

Ain Mohd +66 6143 28757

Ain At Coinweb.io

Bitcoin’s Surge Fuels Optimism: Black Book Crypto Projects Big Solana Payouts

Bitcoin’s bullish trend is setting the stage for altcoin gains, with Solana Payouts offering high monthly returns. Black Book Crypto foresees...

1 min read

Black Book Crypto Approves Solana Payouts’ Affiliate Program

Solana Payouts has an affiliate program with high commissions, real-time tracking, and marketing support for affiliates in the DeFi space. Black...

1 min read

Google-Approved High Visibility SEO Services For New Crypto Startups Announced

Alice In Farmland has announced digital visibility services available to new startups in the crypto industry.

1 min read

Solana Payouts: Reliable Crypto Investment Platform Vetted by Black Book Crypto

Black Book Crypto has reviewed and vetted Solana Payouts as a secure, high-yield crypto investment platform built on Solana’s robust, fast...

1 min read

Crypto Project Marketing, Online Visibility & Brand Awareness Strategy Launched

Vibe Content, a specialist service that helps new and upcoming crypto projects to gain online visibility, has launched a new content...

1 min read

Bitcoin’s Surge Fuels Optimism: Black Book Crypto Projects Big…


1 min read

Google-Approved High Visibility SEO Services For New Crypto Startups…


1 min read

Black Book Crypto Approves Solana Payouts’ Affiliate Program


1 min read