Circle, parent company of stablecoin service USDC, invested in Tatum in an investment round.
Octopus Ventures, Leadblock Partners and Bitpanda also took part in the investment round led by Equity Partners. Investors have focused on new products, as DeFi products are outdated with the effect of the bear market.
Tatum Comes To The Fore With Circle Support
Convincing the strong capital owners participating in the investment tour about Tatum, Circle stated that it would stand behind innovative projects. Blockchain developer platform Tatum received strong support from this investment round. Standing out with its unique network structure and application methods, Tatum raised approximately $42 million in funding from its investment round.
Launched nearly 4 years ago, Tatum offers an API service for WordPress that includes NFT plugins, software kits for more than 40 protocols, and eight block-rate NFT mining facilities. The platform serves 90 thousand active customers.
Samuel Sramko, Tatum co-founder and chief technology officer, said:
“Accelerating the development process, Tatum delivers blockchain applications completed by companies to market extremely quickly. In addition, Tatum ensures that applications reach the production stage with this rapid process.”
Praising his project, Sramko concluded his words as follows;
“Tatum is fundamentally changing not only the speed of development, but also robustness, so that more functions can be easily performed even without a high level of technical expertise.”
USDC parent company decided to invest in the project due to Tatum’s innovative nature. Convincing powerful financiers, the company contributed greatly to Tatum’s $42 million in funding.
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