Torum Closes M************** Private Round to Create The First Social Media Platform with NFT & DeFi Innovations

Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry.

The $1.45M private round was participated by 13 private investors which consist of AU21 Capital, Momentum 6, Lotus Capital, Consensus Lab, Redline Blockchain Capital, Waterdrip Capital, Angel One, Hotbit, Oasis Capital, N7 Labs, Skywater Capital, IDC, Worshipper Capital.

Recommended AI News: Liquid Mortgage Raises Seed Round Funding to Further Develop Its Blockchain Technology for the Future of the Mortgage Industry

Social Media + DeFi + NFT on Binance Smart Chain

Based on Binance Smart Chain, Torum seeks to build the first crypto social media platform that is fully integrated with NFT and DeFi functionalities. In short, crypto addicts can stay connected with one another and gain access to every crypto-related service on Torum.

With the resources and connection from its VC team, Torum is able to venture into NFT and DeFi spaces and introduce innovative use cases continuously to the crypto industry.

Recommended AI News: Circle Selects Signature Bank for USDC Integration and Reserve Balances

Re-define Crypto Social Media

Launched on the 1st of July 2020, Torum emphasizes gamification elements and token utility to bring the best crypto social experience to the crypto space. In future, Torum strives to become the adoption bridge that connects the general public into the crypto industry.

XTM, the native token of Torum that is obtained as part of the ecosystem incentive, can be used in at least 10 different purposes, including gift purchase, content boosting and NFT trading. The revenue generated by the ecosystem will be redistributed back to the Torum community through various gamified methods specially designed by the team.

Recommended AI News: Google Cloud Support Now Available on Crunchy Bridge