Fifth gen blockchain network 5ire today announced it has secured a $100 million capital commitment from Global Emerging Markets (GEM) Global Yield LLC SCS (GGY), as it seeks to go public.
With the fresh funding, the startup will look towards the expansion of its ecosystem (involves liaising with government stakeholders in India and upcoming international markets), investing in technology and resources (adding tech developers to build a more robust 5ireChain infrastructure), investing in research for innovation, amplifying human capital and hiring the best talent, enhancing adoption of 5ireChain across crucial target audiences, etc.