Last year excitement broke out in the cryptocurrency world after the announcement of a new partnership between two emerging forces in the industry—Earnity and BitNile. BitNile led the way as Earnity raised $15 million in a Series A funding round, forging a new bond between the two firms. Earnity cofounders Dan Schatt and Domenic Carosa have expressed their excitement and optimism in partnering up with the Bitcoin mining firm.
For today’s blog, the discussion will focus on the crypto management and investment startup Earnity and what it offers investors.
Raising $20 million in 2021
As mentioned earlier, the big news is that Earnity raised $15 million toward the end of 2021 with the help of BitNile. In the earlier part of 2021, the California-based cryptocurrency investment firm raised $5 million, bringing the total to over $20 million.
The goal of Domenic Carosa, Dan Schatt, and the rest of the Earnity team is to develop and provide an online platform that acts as a marketplace. Crypto and FinTech veterans and experts will oversee the platform, which will let crypto users earn, collect, learn about, and even gift tokens or portfolios of digital assets. If successful, it will, in all probability, revolutionize the crypto industry.
Earnity also aims to decentralize financial products, allowing more access to people everywhere and giving everyone more control of their money, especially those who don’t have a degree in cryptography. This endeavor should open the world of crypto to previously ignored audiences.
The future of Earnity
Soon, Earnity will be launching its crypto beta platform, scheduled for the first quarter of 2022. And together with BitNile, Earnity is eyeing the development and co-promotion of portfolios of non-fungible tokens (NFTs) and other decentralized finance (DeFi) products and protocols.