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What happened?
Units.Network, a blockchain built on the Waves Protocol and founded by Sasha Ivanov, has secured $10 million in funding. The investment comes from Nimbus Capital, a digital asset company under In On Capital, which manages over $1.3 billion in assets. This funding will be utilized to enhance validator capacity, improve cross-chain liquidity, and launch AI-focused tools like an AI Launchpad and AI Liquidity Manager.
Who does this affect?
This development affects blockchain developers and traders who benefit from on-chain intelligence-driven market products. Innovators will have easier access to blockchain resources through the AI Launchpad, while traders enjoy more efficient market conditions due to the AI Liquidity Manager. It also impacts the broader blockchain community who stand to gain from increased institutional capital and real-world utility applications.
Why does this matter?
The $10 million investment signals strong confidence in the convergence of blockchain and AI, a market expected to grow significantly by 2029. Units.Network’s initiatives could lead to new opportunities and efficiency improvements in the blockchain space, potentially leading to increased investor interest. As AI-related crypto tokens gain traction, surpassing traditional cryptocurrencies like Bitcoin, Units.Network is well-positioned to be a key player in the crypto market’s future evolution.
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