Grape, a Layer1 distributed ledger technology (DLT) platform, recently concluded a $35 million financing round with backing from LDA Capital, a global alternative investment group. The infusion of funds aims to fuel accelerated project development and strategic token buybacks for Grape's native token, GRP.
1. **Financing Round Details:**
- Grape secured $35 million in funding.
- LDA Capital participated in this financing round.
2. **Utilization of Funds:**
- The funds will be used to expedite project development initiatives.
- Strategic token buybacks are planned to reduce the circulating supply of the native token, GRP.
3. **Grape's DLT Platform Features:**
- **Layer1 Platform:** Grape operates as a Layer1 distributed ledger technology platform.
- **Hybrid Approach:** Aims to merge the security and decentralization of Web3 with the user-friendly aspects of Web2.
- **Core Features:**
- **VINE:** High-speed distributed ledger.
- **ANNE:** Artificial intelligence engine simplifying smart contract and DApp development.
- **Decentralized Cloud Storage:** Providing decentralized storage solutions.
Grape stands out for its Layer1 platform that integrates the strengths of Web3 decentralization and security with the user-friendly attributes of Web2. Its features encompass a high-speed distributed ledger, an AI engine for simplified development, and decentralized cloud storage. The funding injection is poised to drive further advancements and token optimizations within the Grape ecosystem.
