5ire is a blockchain ecosystem that is marked with a steady growth in the past months. With a novel protocol this ecosystem is driving the world from a for-profit to a for-benefit initiative.
Blockchain is still in its infancy with countless number of projects popping up everyday. Each project offers a new solution to an existing problem or tweaks an existing solution to make it more promising. With the coming of each project, comes the hail of ‘WAGMI’, ‘Lets Moon’ and other marketing gimmicks deployed by ambitious projects. What is difficult to ascertain however, is whether the team is willing to put in effort and grow through its milestones.
Among these blockchain projects is 5ire, a sustainability-driven ecosystem. 5ire through its proprietary blockchain technology, 5ireChain is poised to foster a sustainable future in line with the UN’s 2030 vision. There are other projects with a similar vision. However, 5ire’s approach is unique. Another distinguishing factor is that while most blockchain solutions offer solutions that hardly manifest in the real world, 5ire is taking a bolder step. Our approach is not only academic, it is practical and gradually manifesting in the real world.
5ire’s growth has not been jetfast, however, it is steady and natural. Growing with the community through each proposed milestone. It has attracted funding from investors and signed a long list of partnerships. Having raised $21 million in the first two months, 5ire also secured a $100 million funding from GEM Global to drive our sustainability initiatives.
Speaking about the funding from GEM, Vilma Mattila, the CBO and cofounder threw more light on the vision of the team- “Sustainable development is estimated to be a 20–30 billion dollar market in 2022 that is slated to grow to as much as $50 billion by the year 2030. For us to be able to make an impact on the world, multiple stakeholders in the ecosystem will need to come together and build a community that encourages businesses to do good. With this capital, we aim to develop initiatives that help in community building as well.”
5ire is built with the vision of 3 co founders and driven by the bravery of a hardworking team. A factor that is pushing us to the limelight. It is evident in the fact that 5ire was picked as the best blockchain startup of the year by Entrepreneur Magazine and was nominated as one of the AIBC Mass Adoption Project of the year. On that same note, our CEO and cofounder Pratrik Gauri was named as one of the top 25 blockchain co-founders.
With the strength of our ever growing community, 5ire is determined to move the world from a for-profit to a for-benefit economy, a platform on which the 5th industrial revolution will take place.
The 5ire ecosystem comprises of –
5ireChain – Our proprietary blockchain technology with a novel consensus protocol that embeds sustainability on-chain.
Wallet and Exchange – This will provide the community a unique platform for all transactions in our ecosystem.
NFT Marketplace – As the name implies, the marketplace will house non-fungible tokens from creators in the 5ire community.
Venture Capital – In line with fostering a sustainable future, the venture capital arm of 5ire will fund and incubate projects with similar visions.
Bottom Line
Blockchain is a powerful tool that finds its usage across different sectors of the world economy. For 5ire, it’s a tool to build a sustainable future and drive the 5th industrial Revolution. This vision has kept the ecosystem on a consistent growth trajectory. This is despite the challenges encountered by blockchain projects in a world that is not ready for the blockchain revolution.
Media Contact
Company Name: 5ire
Contact Person: Vilma Mattila
Email: Send Email
Country: United Kingdom
Website: https://5ire.org