VERSE Raises $33.6M to Foster the Expanding Bitcoin.com Ecosystem
Bitcoin.com has recently concluded the private sale of its utility VERSE token — securing a total amount of $33.6 million in funding. The proceeds shall be then used to further expand the platform’s ecosystem of crypto products and services. Furthermore, the newly-acquired fund shall be allocated to provide more rewards to both old and new cryptocurrency users.
Notably, prominent names such as KuCoin Ventures, Digital Strategies, Redwood City Ventures, Blockchain.com via BTC Capital, BoostX Ventures, 4SV, Roger Ver, Jihan Wu, and David Wachsman participated in the private sale.
In detail, VERSE is a rewards and utility token for users who consistently participate and contribute to the Bitcoin.com ecosystem. Simply put, it is similar to CRO, BNB, and FTT, of Crypto.com, Binance, and FTX offerings, respectively. Moreover, it will be minted as an Ethereum (ERC-20) token this summer.
Meanwhile, Bitcoin.com CEO Dennis Jarvis talked in great detail about the company’s new accomplishment.