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.