Lagom Chain Secures $200k Funding to Advance the Internet of Value Exchange
Summary
The investment, which values Lagom Chain at $4 million, will support the blockchains mission to create a seamless Internet of Value Exchange, enabling efficient and secure exchange of tokenized assets.As Donald Trump hosts a crypto summit at White House and announces a strategic reserve, the world is warming up to adopt Crypto and Blockchain more actively. Established enterprises need a safe option to explore Blockchain-based use cases and Lagom chain facilitates that transition.According to Harman Puri, CEO and co-founder of Lagom Chain The Blockchain will focus on implementing loyalty points and rewards programs at scale, offering a high-value, low-risk transition for Web2 companies, eventually leading to a full-scale tokenization platformLagom is an EVM-compatible Layer 1 solution built for the rapid and cost-effective tokenization of real-world assets. With a forward-looking approach to security, the company plans to integrate quantum-proof elements to safeguard digital assets and build an expansive network of alternative asset classes.We are thrilled to have the support of Singh Coin as we continue building the foundation for a secure and inclusive Internet of Value Exchange, said Harman Puri.This investment and confidence validate the vision to establish a powerful blockchain ecosystem where real-world assets can be tokenized and seamlessly traded.With this funding, Lagom Chain will build in-house white-label solutions, strengthen its ecosystem of developers and partners, and accelerate the implementation of its roadmap.While the company prepares for its mainnet launch March 2025, key enterprises have already been onboarded.Biodry India, the Indian arm of the Swiss-based World Leader in Rising Damp Solution, has initiated the development of its Blockchain-based application on the Lagom Chain. The application will act as a decentralized platform to store humidity level reduction, maintain a record of the installation and service of the Biodry devices, issue authentic dampness-free certificates digitally, and leverage secured data storage for research purposes.Lagom Chain has partnered with the Blockchain Center of Excellence at Lovely Professional University, fostering innovation by supporting Blockchain talent on the campus through internships and grants. Built for security and scalability, Lagom Chain offers an EVM-compatible environment, enabling seamless integration with existing blockchain tools and applications.