New Delhi [India]Sept. 26 (ANI/GPRC): Venture capitalist and investor Varun Datta has announced a strategic and investment partnership with Inery, a decentralized data platform with his venture capital firm Truth Ventures.
The two companies joined in their journey to promote the use of decentralized databases.
Varun Datta is the founder and CEO of a venture capital firm called Truth Ventures. The venture capital firm invests in startups, early stage companies, and companies with growth potential in the fields of entertainment, blockchain technology, healthcare and holistic wellness internationally.
Inery is one of Varun Datta’s favorite companies. For both the Web2 and Web3 businesses, Inery resorts to a distinct strategy of decentralizing data and data management. It will facilitate the transition to a decentralized network.
Marks of high productivity, security, and scalability help use cases in a variety of sectors. The healthcare industry, corporate and government, real estate and aviation, as well as any other industry where data is a valuable resource fall into this category.
Varun Datta strongly believes that this innovative technology has the potential to revolutionize how we work with data. Be it online or offline. Through this partnership with Truth Ventures, Inery’s ability to reach its full potential will be enhanced. The decentralized database usage engine will be widely supported in both standard and web3 spaces.
By pairing Truth Ventures with the company, Varun Datta acknowledges and defends the mission of Inery and its experimental applications because he believes the technology has a great chance of achieving widespread adoption.
According to Varun Datta, Founder and CEO of Truth Ventures, the common goal of this alliance is to make decentralized database management a standard rather than an exception.
Previously, Varun Datta’s own company Truth Ventures has worked together and invested in notable companies including Gordium Healthcare, Moneto Sports, Bet Neo, a leading gaming center and many other startups.
Inery is a layer 1 decentralized and blockchain data management system. By utilizing blockchain technology, the network makes it possible for database management to be decentralized, secure and reliable. To produce a paradigm change in data access, storage and management, it combines distributed databases with blockchain functionality.
Since its inception, the Inery Layer 1 blockchain and the elegant DB solution built on top of it have attracted interest from the blockchain industry, demonstrating the interest in database decentralization and security.
On August 10, 2022, the project launched its first public testnet in anticipation of its upcoming launch. It is also scheduled to be listed at the end of the third quarter of 2022.
Founded and chaired by Varun Datta, the multinational investment fund Truth Ventures is committed to identifying, financing and directing the technologies and ideas that define the market.
Certainly, this partnership with Inery will give data management a whole new definition.
This story was provided by GPRC. ANI will not be responsible in any way for the content of this article. (Ani / GPRC)
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