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GEM Digital commits US$50 million to Inery of $INR coin launch and listing

GEM Digital commits US$50 million to Inery of $INR coin launch and listing

Banking & FinanceTop Stories

Inery, a decentralised data management system, has announced that it has secured an investment commitment from GEM Digital Limited (GEM). Inery is a decentralised data management system bringing DB to Web3.

GEM Digital is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Inery aims to provide decentralised data management services to both Web2 and Web3 users across diverse industries. The project utilises Blockchain functionalities and distributed database synergies to enable enterprises and developers to safely store, manage, access and provide data on a decentralised infrastructure. Inery gained traction with the launch of its first public testnet on August 10, 2022, ahead of its upcoming mainnet launch. Inery is preparing for the listing of its token in Q3 2022.

Through this funding, Inery aims to expand its use cases-making it more accessible to the general population who are not Web3 or Blockchain native. As GEM is an established fund in the traditional markets, this is a significant milestone in pushing Inery to become more mainstream.

“This commitment from GEM will push Inery a step closer to becoming the global standard in database management,” said Inery CEO and Co-Founder, Naveen Singh. “Not just in the web 3 world, but in the traditional sense as well for all companies and professionals.”

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