Swarm Affiliation, the group behind the event of an Ethereum-based decentralized storage community, has raised $6 million in a non-public token sale.
The sale noticed Swarm’s native BZZ tokens get distributed to enterprise corporations, together with HashKey Capital, NGC Ventures, and KR1. Bitcoin Suisse facilitated the sale.
With recent capital at hand, Swarm appears to launch its mainnet in Q2 of this yr that has been below growth for the final 4 years. Swarm’s community is predicted to function the serverless web’s working system that hosts and runs decentralized functions.
Close to the mainnet launch, Swarm additionally plans to carry a public token sale, particulars of which will likely be shared when it’s confirmed, stated the affiliation.
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