Grove Raises $7.9M to Plant Seeds of Decentralization in Digital Infrastructure

Decentralized Infrastructure Provider, Grove, Receives $7.9 Million in Funding

Grove, a decentralized infrastructure provider, secures $7.9M in funding.

Hey there, fellow digital asset investors! I’ve got some exciting news to share with you today. Grove, the decentralized physical infrastructure (DePIN) provider previously known as Pocket Network, has just bagged a massive $7.9 million in funding! And let me tell you, this investment is set to shake up the crypto world like an earthquake!

Now, I know what you’re thinking. What in the blockchain is DePIN? Well, hold on to your hats, folks, because this is going to blow your mind. DePIN is all about harnessing the power of blockchain and token incentives to construct physical infrastructure networks. This means other projects don’t have to worry about the hassle and expenses of buying and maintaining their own equipment. It’s like having a decentralized version of Amazon Web Services (AWS) or Google Cloud. Talk about leveling up the game!

So, what does Grove plan to do with this mountain of money? Well, my friends, they are on a mission to form awesome new partnerships that will propel DePIN into the mainstream. They want to spread the seeds of decentralization far and wide, ensuring that everyone gets a taste of this innovative technology. And trust me, this is just the beginning of a crypto revolution!

But wait, there’s more! Grove is not just your everyday infrastructure provider. They offer Web3 infrastructure, a magnificent platform for building fantastic products and services. And guess what? Their POKT network supports over 40 different chains, giving you a smorgasbord of options to choose from. It’s like having a buffet of blockchain possibilities!

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Ah, now for the cherry on top. The network’s native token (POKT) is soaring high, reaching a market cap of over $150 million. And in the past 24 hours alone, it has shot up a whopping 24%! You can practically hear the celebration bells ringing, right? With numbers like these, it’s clear that Grove has struck gold.

But don’t just take my word for it. If you’re hungry for more juicy details, go check out the full story here. Prepare to have your mind blown with the immense potential of DePIN and Grove!

Before I bid you adieu, I want to leave you with this thought: the future of digital infrastructure is being reshaped, and Grove is leading the charge. So, my friends, buckle up and join the ride of a lifetime as we venture into the decentralized wonderland!

Read more: Ethereum Platform Infura’s Step Toward Decentralization Includes Microsoft, Tencent

Edited by Sheldon Reback.

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