Gamefi Updates: Inery, a decentralized data management system, secured investment from web3-focused blockchain VC firm Metavest in the first week of September at $128m.
Through this funding, Inery aims to expand its use cases, particularly in GameFi, where the company seeks to explore the full potential of the booming gaming industry with verified digital ownership of assets.
Additionally, it aims to build a space for its users to create and share NFTs. Meanwhile, Inery provides low-cost, reduced latency, secure, and tamper-resistant data management methods.
The data management system aims to ensure users, including gamers and businesses, retain control of their data in the metaverse via owner-controlled data assets.