TechFlow reported, according to The Block, that DePIN network developer Verida has raised $5 million in a seed funding round. The round was participated by O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital, and Evan Cheng from Mysten Labs, achieving a post-money valuation of $50 million. The funds will be used to develop Verida's personal data storage infrastructure, providing users with decentralized storage and encryption services for their personal information.
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