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Cryptocurrency News Articles
SEALCOIN Secures $50 Million Investment Commitment from GEM Digital Limited Through a Structured Token Subscription Agreement of the SEALCOIN Utility Token to Develop Decentralized Physical Internet Network (DePIN)
Aug 14, 2024 at 12:03 am
SEALCOIN AG, established by WISeKey, has secured a $50 million token investment commitment from GEM Digital to develop a Decentralized Physical Internet Network (DePIN).
What is the purpose of the $50 million investment in SEALCOIN?
The $50 million investment commitment from GEM Digital Limited will be utilized to develop DePIN, leveraging the Hedera DLT ledger and its smart contracts.
When is the SEALCOIN platform expected to launch?
The platform is expected to go live in Q4 this year.
What are some potential applications of SEALCOIN?
SEALCOIN's applications span various sectors, including smart home automation, supply chain management, autonomous vehicles, and healthcare devices.
How does SEALCOIN relate to WISeKey (WKEY)?
SEALCOIN AG is a Special Purpose Vehicle (“SPV”) to house its decentralized technology project, SEALCOIN. This significant financial commitment will be utilized by WISeKey to develop DePIN further, ultimately aiming for large-scale deployment.
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