By
Godfrey Benjamin
April 11th, 2024
5ireChain has now successfully raised $10M in total from some well-known blockchain VCs and HNWIs.
Singapore has been embracing blockchain since the emergence of this new tech. It has witnessed many successful cases in the blockchain industry. HUAWEI CLOUD, together with Morpheus Labs, provides a Launchpad to welcome blockchain industrial leaders, companies and governments from all over the world to speed up the mass adoption of blockchain in every aspect.
Many global blockchain leaders and companies have attended the HUAWEI CLOUD DAY on October 28th, 2021, including 5ireChain, 0Chain, Geeq, and more, discussing the digital transformation throughout the blockchain industry.
These companies have introduced their blockchain solutions at this event. 5ireChain, one of the new blockchain companies that partner with the HUAWEI CLOUD x Morpheus Labs Launchpad, impresses the audience with its unique solutions to support the first blockchain-based for-benefit ecosystem and to solve sustainability issues in its presentation.
According to official reports, 5ireChain has now successfully raised $10M in total from some well-known blockchain VCs and HNWIs. 5ireChain is dedicated to bringing a paradigm shift from a for-profit to a for-benefit economy. It shares the same values with HUAWEI CLOUD & Morpheus Labs, to boost the adoption of blockchain and ensure its sustainable development.
It’s always a challenge to utilize blockchain technology for the benefits of the society, the economy and the environment. Many blockchain companies are eager to make a difference by leveraging blockchain, but no one can make it alone, at least in the long run. That’s why many of them have foreseen the future of blockchain and proposed to forge strong collaboration with the pioneers, leaders and enthusiasts in this sector, to explore more possibilities and maintain more sustainability. By joining the Launchpad, 5ireChain will take its blockchain initiatives to a new stage.
Here are some takeaways from Pratik Gauri, Co-Founder & CEO at 5ireChain:
“Asian market is massive for crypto adoption and this collaboration aims to fuel the wider adoption of blockchain not only in India, but all other developing nations. Working with Huawei provides the 5ire organization with scalable and reliable cloud infrastructure. Moreover, our involvement with Morpheus Labs, gives us access to collaboration opportunities. The 5ire team is excited to announce this collaboration and is looking forward to what this means for 5ire, as an ecosystem.”
It’s reported that 5ireChain is destined to create a strong developer community to provide infrastructure for other crypto and blockchain projects. It aims at becoming a leader of the blockchain ecosystem to tackle sustainability issues with its core technology, “Proof of 5ire”. This is a consensus that economically rewards companies for their endeavors on accelerating the sustainable development of blockchain.
There are more occasions besides HUAWEI CLOUD DAY for blockchain companies to spread their words and build their cooperation. It’s happening in Singapore, in Dubai, in Europe, and every corner of the mechanism world. Not only does blockchain need HUAWEI CLOUD and Morpheus Labs, who have the strong industrial infrastructure, but also new bloods to unleash the real potentials of blockchain technologies on the other verticals.
We have seen the fast development of blockchain and crypto in 2021, and we can always look forward to its brave new future.