Solana-Based Ore Raises $3M to Improve On-Chain Mining and Liquidity for Real-World Assets
CryptoNewsTerminal Staff13 Sep, 2024
Solana-Based Ore Raises $3M to Improve On-Chain Mining and Liquidity for Real-World Assets
Solana-based on-chain mining project Ore has secured $3 million in a seed funding round led by Foundation Capital. The funds will be allocated towards enhancing user experience and fostering liquidity for real-world assets (RWAs). Ore's on-chain mining process enables users to verify and validate data on the blockchain, thereby earning rewards in the form of cryptocurrency. By combining on-chain mining with RWAs, Ore aims to bridge the gap between traditional financial systems and digital asset markets. The seed funding round also saw participation from notable investors including IOSG Ventures, Collider Labs, and 3KVC. With this capital injection, Ore plans to optimize its platform, expand its team, and drive adoption of on-chain mining and RWA liquidity solutions.
