PANews reported on June 22 that according to The Block, DePIN network developer Verida has completed a $5 million seed round of financing, with a post-investment valuation of $50 million. O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital and Evan Cheng of Mysten Labs participated in the investment. The new funds will be used to develop Verida's personal data storage infrastructure and provide decentralized storage and encryption services for users' personal information.
