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IOST Secures $21 Million in Strategic Financing for RWA Infrastructure

IOST aims to utilize $21 million in funding to enhance its validator network and ecosystem infrastructure, promoting sustainable growth and decentralization.

Summary

IOST has secured $21 million in a strategic funding round, with contributions from DWF Labs, Presto, and Rollman Management Groups. This funding is focused on supporting sustainable network growth and further decentralizing its validator and ecosystem infrastructure.

Terms & Concepts
  • RWA: Real World Assets, referring to tangible assets that can be tokenized and represented on a blockchain.
  • validator network: A decentralized network of nodes that validate transactions and maintain the integrity of a blockchain.
  • multi-chain ecosystem: A blockchain framework that supports interoperability between multiple blockchains, enhancing scalability and flexibility.