Ekta secures US$60M to build infra for connecting blockchain with the physical world

Quick Summary

Bali (Indonesia)-based Ekta, a company building infrastructure to connect blockchain with the physical world, has announced US$60 million financing from New York-based digital asset investment firm GEM Digital.

The money will be used to continue building its technical teams and resources and develop its NFT marketplace, NFT collections, and hybrid exchange.

The founding team saw an opportunity to decentralise real-world assets through blockchain technology and offer streamlined access to displaced communities, especially in Southeast Asia.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Topics: Ekta Web3 Indonesia Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 05:00:07

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Reading Time: 3 minutes read

Article Length: 425 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 2826

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