DUBAI, UAE / ACCESSWIRE / September 21, 2022 / A pioneer in the investment industry based in Dubai, ICICB, has announced to deploy $5 million in funding over a twenty-four-month period in the sound-enabled blockchain network, SonoCoin as part of its mission to expand digital solutions.
ICICB will leverage the opportunities of Web3 as SonoCoin reimagines non-fungible tokens, from how it is produced and distributed to how it’s consumed, owned, and monetized.
ICICB will cornerstone the future development, which will amount to $5 million and potentially additional investment based on the overall performance of the venture.
Airton Arruda, Chairman of the ICICB, said, “We’re yet to imagine the plethora of use cases for how Web3 technologies will change how culture is experienced, entertainment is consumed, and value is distributed. And that was the genesis of this investment: to be a catalyst for innovation that unleashes projects in sport, music, film, TV, art, and gaming which offer greater equity for all.”
The investment conglomerate is gearing up for the launch of complementary projects in the wake of the success of its all-in-one blockchain solution, ICICB Chain. By implementing intelligent automation to deliver long-term imperative solutions for its clients, the firm is propelling to the forefront of breakthrough innovators driving digital reform initiatives with its pledge of empowering its clients across a wide range of industries. The company creates value through the evolution of cutting-edge projects that embody the company’s distinctive expertise and ideas. Leveraging blockchain infrastructure and Web 3.0, the investment firm is emerging in its brand strength and has significant imprints in the global market of digital transformation.
SonoCoin is a native proof-of-stake blockchain platform: the first to host audible-friendly tokens. It combines smart contract technology with breakthrough data-over-sound capability.
ICICB is an investment holding company specializing in financial services and investment offerings. Emerging as one of the fastest-growing multinational investment companies, they are based in Dubai, United Arab Emirates. The group serves a variety of industries, including digital banking, consulting, medical care, commercial real estate, and more. Over the past few years, ICICB’s mission has been the development and advancement of digital technology, integrated with everyday life to increase efficiency and sustainability.
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