The joint venture AMD and Consensys will go to the exchange via Spac

W3BCLOUD, a joint venture manufacturer Advanced Micro Devices (AMD) and a Consensys Ethereum Supplier, has announced plans to get public status.

This will happen by merging with the SPAC company Social Leverage Acquisition Corp https://gagarin.news/events/token-2049-singapore/ I. The latter is registered on the New York Stock Exchange and has $ 345 million in trust management.

We’re Thrilled to Announce W3bcloud Plans to Go Public Via A #SPAC, Combining with @socialverage tortinue OUT OUR LEADIGE and Compute Infrastructure Platform. Read ABOUT IT HERE 👉 https: // t.CO/XX2UDFLMHD

– W3BCLOUD (@w3bcloud) August 1, 2022

AMD, Consensys, SK Inc. and others pledged to provide additional investments for $ 50 million. Estimated evaluative value of a united company – $ 1.25 billion.

The creation of a joint venture that will be engaged in cloud computing on the blockchain, AMD and Consensys were announced in September 2019. Among the main customers are the Defi sector focused on NFT and meta-combat projects, as well as technological companies.

“This transaction will allow us to expand the support of Web3 developers and scale in accordance with the expected significant growth of the economy [sector],” Issa themselves said CEO of the company.

In June 2020, W3BCloud attracted $ 20.5 million by selling convertible bonds to founding companies and several family offices in the UAE.

Recall, in June, Sciencemagic.Studios, advising on the implementation of Web3, attracted $ 10.3 million. Financing was provided by Coinbase Ventures, Digital Currency Group and billionaire Alan Howard.

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