DePIN network developer Verida completes $5 million seed round of financing, Mysten Labs and others participate

According to TechFlow, DePIN network developer Verida has completed a $5 million seed round of financing. This round of financing was participated by O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital and Evan Cheng of Mysten Labs. The post-investment valuation reached $50 million. The funds from this round of financing will be used to develop Verida's personal data storage infrastructure and provide decentralized storage and encryption services for users' personal information.