Bitcoin.com Secures $33.6M in VERSE Token Private Sale

Bitcoin.com announced that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. For over seven years, Bitcoin.com has been an industry leader when it comes to blockchain technology and cryptocurrency solutions. VERSE is meant to enhance the company's growth by rewarding VERSE users for participating in the myriad services Bitcoin.com has to offer. Perks include rewarding the crypto community with VERSE for things like buying, selling, and swapping digital assets.

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VERSE will be released this summer as an Ethereum-based (ERC20) token with cross-chain compatibility. Just recently, Bitcoin.com revealed the introductory web portal getverse.com and VERSE white paper, in order to give the crypto community details about the VERSE launch. On May 5, 2022, Bitcoin.com announced that it completed a private token sale and raised $33.6 million from firms like Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, 4SV, and Boostx Ventures.

Furthermore, well-known crypto pioneers and influencers such as Jihan Wu, Roger Ver, and David Wachsman participated in the private VERSE sale. Dennis Jarvis, Bitcoin.com's CEO, explained in a statement that the token will add a significant amount of utility and value to the firm's multiple finely-tuned crypto services. Jarvis further explained that the VERSE token public sale will take place this summer.

"Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far we've built an incredible portfolio of products and services that count more than 4 million monthly active users and 30 million self-custody wallets created," Jarvis said after the private sale concluded. "Today, we're proud to announce VERSE, a utility, and rewards token for everyone who participates in the ready-built Bitcoin.com Verse ecosystem."

Bitcoin.com's CEO added: "VERSE is user-centric and adds tremendous value across our range of crypto products and services including the Bitcoin.com self-custody wallet app, the Bitcoin.com Exchange, the Verse DEX, Bitcoin.com News, and our upcoming crypto-enabled debit card. We're also extremely excited to announce the Verse public token sale, which is scheduled to begin in June."