- Pieverse plans to enhance Web3 payment and compliance protocols with $7M in funding.
- The funding is supported by Animoca Brands and UOB Ventures.
- This initiative is expected to expand compliance capabilities and promote multi-chain integration.
Pieverse, a Web3 payments firm, secured $7 million in funding on October 24, led by Animoca Brands and UOB Ventures, to expand their compliance infrastructure.
This investment signifies growing institutional confidence in Web3 compliance, potentially influencing adoption across major blockchain platforms like Ethereum and Binance Smart Chain.
Institutional Support and Regulatory Alignment Boost Web3 Growth
Did you know? Recent strategic funding rounds in Web3 compliance often lead to wider adoption. Pieverse’s significant backing and Binance support can further this trend, reflecting previous industry advancements.
According to CoinMarketCap, Ethereum (ETH) is valued at $3,936.97, with a market capitalization of $475.19 billion. Recent trading volumes fell by 14.53%, while the 24-hour price rose by 1.09%. Ethereum remains a focal asset in Pieverse’s protocol integration, affecting transaction dynamics on Web3.
Colin Ho, Co-founder and CEO, Pieverse, “Pieverse aims to bring on-chain transactions to the same level of clarity and compliance standards as traditional finance. This funding will help expand enterprise-level compliance capabilities, build a global team, and accelerate multi-chain integration.”
Historical Context, Price Data, and Expert Insights
Did you know? Recent strategic funding rounds in Web3 compliance often lead to wider adoption. Pieverse’s significant backing and Binance support can further this trend, reflecting previous industry advancements.
According to CoinMarketCap, Ethereum (ETH) is valued at $3,936.97, with a market capitalization of $475.19 billion. Recent trading volumes fell by 14.53%, while the 24-hour price rose by 1.09%. Ethereum remains a focal asset in Pieverse’s protocol integration, affecting transaction dynamics on Web3.
Coincu’s research team highlights the potential increase in institutional adoption due to Pieverse’s regulatory alignment. Historical analysis suggests that compliance-focused protocols attract more traditional finance participants, fostering ecosystem stability.
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