BlockApps Secures $41 Million in Series B Funding

　　BlockApps, a blockchain services business, revealed that it has raised $41 million in Series B funding.

　　Liberty City Ventures and Morgan Creek Digital will also serve as directors on the BlockApps board. Investors such as Eidetic Ventures and Givic participated in this round of funding. ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX also participate in this round of funding.

　　The new funds will be used to prepare the company for an IPO and to establish collaborations in order to foster innovation in the blockchain ecosystem. BlockApps has received $44.1 million in investment over six rounds.

　　Morgan Creek Digital Partner Xavier Segura stated:

　　“BlockApps is one of the most exciting players in enterprise blockchain. Crypto and NFT companies have seen some early successes in the industry, but theres an even bigger opportunity for BlockApps.”

　　BlockApps is a Blockchain as a Service provider with clients ranging from startups to Fortune 500 companies. Through its platform, BlockApps STRATO, the company's objective is to accelerate the use of blockchain technology. BlockApps was established in 2015 and is based in Brooklyn, New York.

　　The corporation announced that it would actively develop collaborations with energy companies such as Chevron and Exxon Mobil in order to tackle the blockchain's present energy scarcity problem.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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