Despite the turmoil in the global crypto market, Bali-based blockchain company Ekta has secured a $60-million investment commitment from US investment fund Global Emerging Market (GEM), the company said in a statement on Tuesday.
Ekta founder and CEO Berwin Tanco said the fresh funding will be used to develop Ekta’s ecosystem, which includes its NFT collections, marketplace and a hybrid exchange. “We’ll also hire more skilled developers, build our marketing team and add liquidity into our marketplace and hybrid exchange,” Tanco told DealStreetAsia.
