Inery Blockchain ends strategic partnership and investment with Truth Ventures Fund

by Arthur · September 21, 2022

Miami, Florida –News Live– Inery

Inery , a decentralized data system, has announced a partnership and investment coming from Truth Ventures, uniting two companies on their path to streamline decentralized database adoption.

Inery takes a different approach to decentralizing data and computing for both Web2 and Web3 companies, while streamlining the shift to the decentralized web. Its security, scalability features and high throughput capabilities support use cases across various industries. These include healthcare, business and government, gaming, real estate, aviation and any other business anywhere where data is an asset.

“Inery’s real tools are what got us on the same page with Truth Ventures in the first place,” tired Inery Co-Founder and CEO, Dr. Naveen Singh. “Truth Ventures is convinced of that Inery has the potential to revolutionize the way data is handled, both online and offline. This partnership will be instrumental in helping Inery reach its full potential and will help push for mass adoption of decentralized databases in conventional and Web3 spaces.”

Inery’s layer 1 blockchain, and an elegant DB solution on top of it, has attracted the attention of the blockchain industry since its inception, showing interest in database decentralization and security. The project rolled out its first public testnet on August 10, 2022, ahead of its upcoming launch, and is also slated for listing at the end of Q3 2022.

“Truth Ventures saw and agreed with the vision and real utility of Inery and believes it has great potential for mass adoption. The mutual goal of this partnership is aimed at making decentralized database management a standard rather than an outlier. according to Mr. Varun Datta, Founder and CEO of Truth Ventures.

Truth Ventures had previously invested in and partnered with Bet Neo – a pioneering gaming hub, Gordium Healthcare, Moneto Sports and many other emerging companies.

About Inery

Inery is a proprietary layer-1 blockchain and decentralized data management solution. The network enables a decentralized, secure and reliable basis for database management by leveraging blockchain technology. It integrates blockchain capabilities and distributed database capabilities to create a paradigm shift in data access, storage and management.

About Truth Ventures

Truth Ventures is an international investment fund dedicated to bringing market-defining innovations and ideas to light by financing and mentoring them. The international venture capital firm funds companies at their seed stage, development stage or startups that show potential for growth in the entertainment, blockchain technology, health and holistic wellness sectors.