W3BCLOUD, the joint venture between high-performance chipmaker, AMD, and Ethereum-based software company, ConsenSys’, raised $20.5 million from convertible note sales.
The venture disclosed that it was able to raise over $20.5 million by selling convertible notes from each company, including “several family offices in the United Arab Emirates.”
According to its , more companies are turning to the Ethereum blockchain to provide decentralized finance (DeFi) and dollar-backed stablecoins. Sami Issa, co-founder and CEO of W3BCLOUD, stated that:
addedImage credits: Pixabay
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