CMCCommunity Spotlight ✨ 5ire turns Unicorn 🦄 - the fastest-growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, currently valued at $1.5 billion. 5ireChain 5ire Crypto CoinMarketCap CMC CMCY
5ire, a 5th-generation blockchain network founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with blockchain enthusiast and entrepreneur Vilma Mattilaannounced that it had raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest-growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, currently valued at $1.5 billion.
The main objective of 5ire is to increase the adoption of blockchain by embedding a for-benefit paradigm at the heart of the blockchain, highly incentivizing practices that align with the United Nations Sustainable Development Goals , facilitating the transition from 4IR to 5IR, and accelerating the implementation of the UN 2030 Agenda for Sustainable Development.
SRAM & MRAM Group, headed by Dr. Sailesh Lachu Hiranandani, is one of the leading international conglomerates with eight global alliances and ten companies spread across 35+ locations. SRAM & MRAM Group’s agenda is to serve the world in partnership with farmers, manufacturers, retailers, and customers in processing plants, ports, and packaging facilities, on the trading floor and the move — within an economy and across the globe.
The funds raised by 5ire will be used for business expansion and extending the company’s footprint across three continents, including Asia, North America, and Europe, with India as the operations hub. 5ire will continue to invest in strengthening its blockchain further and work towards ensuring this decentralized technology benefits a more extensive base globally.
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