ChromaWay Invests $2 Million In VRM

ChromaWay continues its notable move with a $2 million strategic investment in a global sports company Virtual Revolution that Matters (VRM).

Accordingly, ChromaWay will use VRM’s technology to create new experiences in the field of sports and culture. On the contrary, VRM will also explore more cooperation opportunities with ChromaWay in the fields of metaverse, NFT, and gaming.

ChromaWay was founded in 2014. It is a “relational blockchain”, that is, a blockchain and a relational database. A new blockchain architecture that combines the power and flexibility of a relational database and the fault-tolerant decentralized security of blockchain.

The company has a track record of working on enterprise projects since 2015, from banking infrastructure to public sector applications. ChromaWay is also known for a number of applications in the land and real estate registration process in four continents, applications in green finance, and payments.

VRM is a global marketing agency with a mission to change the “status quo” of the entertainment industry. By leveraging the value others have missed, VRM links people’s passions to the brand through phygital. VRM is representing more than 50 brands around the world.

According to CEO Henrik Hjelte, VRM is a leader in the rapidly expanding NFT and metaverse. He believes that blockchain technology together with VRM’s expertise can create new experiences for customers.

ChromaWay is the team behind the success of the Chromia blockchain, it powers Chromia, a public decentralized application platform that provides an experience for users and developers like no other blockchain platform can match.

Chromia (CHR) is a blockchain platform that combines technology between blockchain and relational databases – databases for decentralized applications, conceived to meet the shortcomings of existing platforms and designed to allow a new generation of dApps to expand beyond existing capabilities.

Chromia was formerly known as Chromapolis. The goal of the project is to build its own blockchain network that allows the development of easy, efficient dApps with high throughput.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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