on Tokentus Investment AG (isin : DE000A3CN9R8)
Tokentus Investment AG Invests USD 150,000 in Lava Foundation's Token Sale
Frankfurt-based Tokentus Investment AG has invested USD 150,000 in the Lava Foundation's token sale. The fund focuses on developing the DePIN blockchain infrastructure project, Lava Network.
Lava Network aims to provide a decentralized physical infrastructure (DePIN) and democratize data service provision for various blockchain projects. The project relies on a peer-to-peer network of node operators to facilitate data access across blockchains.
The current token round, totaling USD 11 million, includes participation from multiple investors and takes place ahead of Lava Network's mainnet launch and airdrop in the coming months. Tokentus's investment marks further support for this initiative.
The Lava Network infrastructure is in the testnet phase, and the funds will be used to enhance blockchain access through technologies like Remote Procedure Call (RPC). This mechanism, known as incentivized public RPC, is already supported by several blockchain protocols.
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