Varun Datta’s firm Truth Ventures invests in Inery Blockchain; the venture capitalist is ready to guide Inery and help it reach a global scale
New Delhi [India]September 26 (ANI/GPRC): Varun Datta, a venture capitalist and investor, has announced a strategic partnership and investment in Inery, a decentralized computing system with his venture capital firm, Truth Ventures. The two businesses have joined their journey to promote the use of decentralized databases.
Varun Datta is the founder and CEO of venture capital firm Truth Ventures. The venture capital firm invests in startups, early-stage companies and businesses with growth potential in entertainment, blockchain technology, healthcare and holistic wellness, internationally. Inery is one such firm that Varun Datta prefers. For both Web2 and Web3 businesses, Inery resorts to a distinct strategy to decentralize data and data management. It would facilitate the transition to a decentralized network.
Its high throughput, security and scalability markers help use cases in a variety of sectors. The healthcare sector, businesses and governments, the real estate and aviation industries, as well as any other industry where data is a valuable resource, fall under this category. Varun Datta is convinced that this innovative technology has the power to revolutionize how data is handled. Be it online or offline. With this partnership with Truth Ventures, Inery’s ability to realize its full potential will be strengthened. And the drive for widespread decentralized database use in both standard and Web3 spaces will be helped.
By connecting Truth Ventures with the firm, Varun Datta recognizes and advocates for Inery’s mission and empirical applications, as he believes the technology has a high chance of achieving widespread adoption. According to Varun Datta, founder and CEO of Truth Ventures, the shared goal of this alliance is aimed at making decentralized database management the standard rather than the exception.
In the past, Varun Datta’s Truth Ventures has worked with and invested in well-known firms including Gordium Healthcare, Moneto Sports and Bet Neo, a pioneering gaming hub, and a number of other new ventures. Inery is a decentralized computing system and proprietary layer-1 blockchain. Using blockchain technology, the network enables database management to be decentralized, safe and reliable. To produce a paradigm shift in data access, storage and management, it combines distributed databases with blockchain functionality.
Since its creation, Inery’s layer 1 blockchain and the elegant DB solution built on top of it have drawn interest from the blockchain industry, demonstrating interest in database decentralization and security. On August 10, 2022, the project launched its first public testnet in anticipation of the upcoming launch. An IPO is also planned at the end of the third quarter of 2022.
The multinational investment fund, Truth Ventures, founded and led by Varun Datta, is committed to identifying, funding and mentoring market-defining technologies and ideas. This partnership with Inery will definitely redefine computing.
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