DePIN developer Verida completes $5 million seed round financing, valued at $50 million

DePIN Network developer Verida has completed a $5 million seed funding round, with participation from O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital, and Evan Cheng of Mysten Labs. Following this funding round, the company's valuation has reached $50 million. The raised funds will be used to develop Verida's personal data storage infrastructure, aiming to provide users with decentralized storage and encryption services.