• IOTA founder invests in SPYCE.5 as part of the efforts to accelerate blockchain adoption.
  • The asset has surged by 6.9 percent in the last seven days. 

Blockchain and Web3 infrastructure provider SPYCE.5 has disclosed to have received a huge investment from IOTA co-founder David Sonstebo. 

We are excited to announce that IOTA co-founder David Sønstebø joins SPYCE.5’s leadership team as an angel investor. SPYCE.5 offers sustainable Blockchain and Web3 infrastructure, data, and digital identity as a Service. This is a significant milestone for our company and we are thrilled to have the support and backing of such a reputable and experienced investor.

Sønstebø is one of the initial founders of the IOTA Foundation which operates as a Non-Profit Organization that promotes the development of the IOTA technology. SPYCE.5 has been a fan of blockchain and believes that once it matures, it gains massive interest and adoption.

Real-world adoption is paramount for IOTA’s success. With @SPYCE_5 we are able to drive this effort uninterrupted. Very excited by the future potential of the company and to have such an A class team leading it! https://t.co/HkPr5kY6IO— David Sønstebø (@DavidSonstebo) May 30, 2023

According to the report, blockchain is largely demanded for its security and transparency across different industries. More importantly, it ensures that there is an efficient and decentralized system while promoting different types of digital interactions.

According to Holger Köther, Co-Founder of SPYCE.5, the company would soon become a dominant entity in the blockchain ecosystem. In this case, the investment from the IOTA co-founder would contribute to expanding its capabilities.

SPYCE.5 is on its way to becoming a formidable entity in the blockchain domain, delivering blockchain utility for enterprises. David’s engagement will fuel our platform with the funding to further develop and expand our capabilities, networks, and corporate collaboration so that we continue to grow and evolve to meet the needs of developers and users alike.

IOTA and SPYCE.5’s Vision of Pushing Blockchain Adoption

The team admits that secure data domains and digital identities are very important in business, and they aspire for scalable, user-friendly tools and services. According to the press release, their solutions would enable enterprises and builders to harness the advantages of blockchain infrastructure and applications. With this, there is no need to specialize in any expertise or resources. 

Follow us for the latest crypto news!

Kimmo Nurmisto, Co-Founder of SPYCE commented on this:

It’s exciting to see the ecosystem come together to push the technology forward to become the next-generation disruptive blockchain. SPYCE.5 has an inspiring future ahead with some of the brightest minds of the industry backing it up.

Regine Haschka-Helmer, Co-Founder of SPYCE.5 has also expressed excitement about their contribution in this space by providing sustainable blockchain technologies. He also stated that Blockchain as a Service is a very important factor in accelerating blockchain adoption. 

David Sønstebø believes that this investment is very important in realizing the vision of IOTA.

SPYCE.5 is an exciting endeavor and key for fulfilling the vision for IOTA — building a new digital economy with real-world use cases and enterprise adoption. I’m excited to be onboard and give my full support for the company and growth of the ecosystem.

          No spam, no lies, only insights. You can unsubscribe at any time.

According to the SPYCE.5 founders, they want to make blockchain technology easy for everyone to use. 

IOTA (MIOTA) has in the last seven days surged by 6.9 percent to trade at $0.203653. 

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.



Please enter your comment!
Please enter your name here