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Market
Irys' primary focus area by end of 2024?
5
Resolution / Starting Odds
On-chain management • 33%
Combating misinformation • 33%
Proof of provenance • 33%
Official press releases and strategic updates from Irys
Story
Irys Raises $8.9M in Lemniscap-Led Funding Round, Total Raise $8.9M
Jun 12, 2024, 01:54 PM
Irys has successfully raised $8.9 million in a strategic funding round led by Lemniscap, as reported by TheBlock. This funding round also saw participation from high-profile investors including Framework, Primitive Crypto, Hypersphere, and Permanent VC, bringing Irys' total raise to $8.9 million. The funds will be used to enhance Irys' on-chain management capabilities and combat misinformation. Lemniscap highlighted Irys' platform for enabling precise attribution of data origin through proof of provenance.
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Similar markets
New funding round • 25%
New product launch • 25%
Partnership with another company • 25%
Expansion into new markets • 25%
Increased focus on hardware improvements • 33%
Increased focus on software development • 33%
Maintains current strategy • 34%
Settlement with ADOR • 25%
Continued Public Feud • 25%
Partnership Strengthened • 25%
Legal Action Initiated • 25%
Acquisition • 33%
Partnership • 33%
No action • 33%
