Varun Datta’s Truth Ventures invests in Inery Blockchain; the venture capitalist is ready to mentor Inery and help it reach global scale

New Delhi [India]September 26 (ANI/GPRC): Varun Datta, a venture capitalist and investor, announced a strategic partnership and investment with Inery, a decentralized data system with his venture capital firm, Truth Ventures. The two companies have teamed up to promote the use of decentralized databases.

Varun Datta is the founder and CEO of venture capital firm called Truth Ventures. The venture capital firm invests in startups, start-ups and companies with growth potential in entertainment, blockchain technology, health and holistic wellness, globally. Inery is one of Varun Datta’s favorite companies. For both Web2 and Web3 businesses, Inery uses a separate data and management decentralization strategy. This would facilitate the transition to a decentralized web.

Its high throughput, security, and scalability markers facilitate use cases in various industries. The healthcare industry, business and government, real estate and aviation industries, and any other industry where data is a valuable resource fall into this category. Varun Datta firmly believes that this innovative technology has the power to revolutionize the way data is processed. Whether online or offline. With this partnership with Truth Ventures, Inery’s ability to realize its full potential will be strengthened. In addition, the desire for widespread use of decentralized databases in the standard and Web3 spaces will be facilitated.

By partnering Truth Ventures with the company, Varun Datta recognizes and champions Inery’s mission and empirical applications, as he believes the technology has a strong chance of being widely adopted. According to Varun Datta, Founder and CEO of Truth Ventures, the common goal of this alliance is to make decentralized database administration the norm rather than the exception.

Previously, Varun Datta’s Truth Ventures has worked together and invested in notable companies such as Gordium Healthcare, Moneto Sports and Bet Neo, a pioneering gaming center, and many other emerging companies. Inery is a decentralized data management system and proprietary Layer 1 blockchain. Using blockchain technology, the network allows database administration to be decentralized, secure and reliable. To produce a paradigm shift in data access, storage and administration, it combines distributed databases with blockchain functionality.

Since its inception, Inery’s Layer 1 blockchain and the elegant database solution built on it have captured the interest of the blockchain industry, demonstrating interest in database decentralization and security. . On August 10, 2022, the project launched its first public testnet in anticipation of its upcoming launch. It is also expected to list at the end of the third quarter of 2022.

Multinational investment fund, Truth Ventures, founded and led by Varun Datta, is committed to identifying, funding and mentoring market-defining technologies and ideas. Admittedly, this partnership with Inery will give data management a completely different definition.

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