Global Emerging Market, an alternative investment firm, has committed $25 million to multi-blockchain platform Geeq.
Geeq’s products address issues such as #security and transaction costs to enable widespread adoption of #blockchain #technology.
It claims that their platform is intended for any blockchain application, allowing enterprise and individual users to integrate, among other things, #fintech, #game technology, #non-fungible tokens (#NFTs), and #micropayments.
The platform is intended to maintain data consistency across #businesses. It keeps fully permissioned audit trails so #stakeholders may be certain that everyone is working with the same data.
GEM’s commitments differ from standard investment rounds in how capital is pumped into firms.
Given the #crypto industry’s unclear prospects in the short and medium term, such capital commitments may become a more common and less risky way of #investing in #digital #asset enterprises.