DePIN developer Verida completes $5 million seed round of financing, with participation from Simurg Labs and others

Odaily News DePIN network developer Verida has completed a $5 million seed round of financing, with participation from O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital and Evan Cheng of Mysten Labs. The post-investment valuation is $50 million. It is reported that the new funds will be used to develop Verida's personal data storage infrastructure and provide decentralized storage and encryption services for users' personal information. (TheBlock)