Singapore, Sept. 16, 2022 (GLOBE NEWSWIRE) — Inery, a decentralized data management system, has announced that it has secured an investment commitment from GEM Digital Limited (GEM). Inery is a decentralized data management system bringing DB to Web3.

GEM Digital Limited is a digital asset investment company. Based in the Bahamas, the company actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Inery aims to provide decentralized data management services to Web2 and Web3 users in various industries. The project uses blockchain functionality and distributed database synergies to enable businesses and developers to securely store, manage, access and deliver data on a decentralized infrastructure. Inery gained traction with the launch of its first public testnet on August 10, 2022, ahead of its next mainnet launch. Inery is preparing to list its token in Q3 2022.

With this funding, Inery aims to expand its use cases, making it more accessible to the general population who are not native to Web3 or blockchain. As GEM is an established fund in traditional markets, this is an important step in pushing Inery to become more mainstream.

“This commitment from GEM will allow Inery to become the world reference in database management. Not just in the world of Web 3, but also in the traditional sense for all businesses and professionals,” said Dr. Naveen Singh, CEO and co-founder of Inery.

Inery’s coin (INR) will be listed this quarter (2022), closely following the launch of its testnet in the third quarter (2022).

About Inery
Inery enables a decentralized, secure and reliable basis for managing databases by leveraging blockchain technology. Inery introduces a decentralized and distributed infrastructure for database management.

About GEM Digital Limited
GEM Digital Limited is a digital asset investment company. Based in the Bahamas, the company actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to small and mid-cap management buyouts, private investments in public equities and certain venture capital investments.