Bitmain Backs Blockchain Data Storage Firm Lambda

Bitmain, the world’s largest cryptocurrency mining equipment producer, has invested an undisclosed sum in the blockchain data storage startup Lambda.

According to a press release issued on Friday, the funding will support Lambda’s further production of secure blockchain-based infrastructure and decentralized applications (DApps).

“Bitmain has demonstrated its commitment to expanding strong, DApp blockchain companies such as Lambda,”

said Lambda CEO Xiaoyang.

“This investment from a global industry leader is a significant endorsement and recognition of Lambda’s longstanding dedication in creating a world-class blockchain-based storage solution.”

Earlier this month, Lambda launched its own initial coin offering (ICO) following the completion of a private sale. The company …

This article appeared first on Cryptovest

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