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Terra Name Service Raises $9 Million in Round A Financing and is now True I/O

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According to reports, Terra Name Service (TNS) announced the completion of a US $9 million round A financing, led by Deal Box Ventures. At the same time, the company has also been

Terra Name Service Raises $9 Million in Round A Financing and is now True I/O

According to reports, Terra Name Service (TNS) announced the completion of a US $9 million round A financing, led by Deal Box Ventures. At the same time, the company has also been renamed True I/O, reflecting the organization’s commitment to fostering trust and transparency in the global digital environment.

Terra Name Service (TNS) completed a round A financing of $9 million

In the current digital age, people all over the world are living a significant part of their lives online. Given this, and the rise of blockchain technology, which makes transactions more secure and transparent, there is a growing need for trust and transparency in the online world. It is in this context that Terra Name Service (TNS) has raised $9 million in round A financing and announced its rebranding as True I/O.

Understanding True I/O

True I/O is a blockchain-based platform that provides solutions for the verification and authentication of digital assets. The platform uses blockchain technology to enable a secure and transparent verification process, which ensures the authenticity of digital assets. By using True I/O, digital creators and consumers can have greater confidence in the authenticity of digital content, such as images, videos, and music.

The Funding Round

Deal Box Ventures led the $9 million in round A financing for True I/O. Other participants in the round included Woodstock Fund, 8 Decimal Capital, AU21 Capital, LD Capital, Plutus VC, Moonrock Capital, and Swedish-based Brightly Ventures.
The funding will enable True I/O to expand its platform and further its mission of creating a more trustworthy and transparent digital world. The company will also use the funding to develop its ecosystem and fund its research and development activities.

Why the Rebranding to True I/O?

The rebranding from Terra Name Service to True I/O reflects the company’s commitment to its mission of promoting trust and transparency in the digital environment. The new name of the company reflects its focus on creating true and verifiable digital assets through the use of blockchain technology.

True I/O’s Impact on the Digital World

True I/O’s platform is poised to have a significant impact on the digital world. The platform will help to address some of the challenges associated with the authenticity of digital assets, which have become increasingly important as more transactions take place in the digital space. The platform will help to address issues such as verifying the ownership of digital content, protecting intellectual property rights, and protecting consumers against fraud.
True I/O has already garnered attention and acclaim in the digital community. The company was a finalist in the 2021 Seattle Angel Conference and was recently selected to participate in the incubator program of the University of Washington’s innovation center, CoMotion Labs.

Conclusion

True I/O’s funding round is a testament to the growing recognition of the importance of trust and transparency in the digital environment. The platform’s application of blockchain technology to digital verification is poised to have a significant impact on the digital world by making it a more trustworthy and transparent place. With support from leading investors and increasing adoption from the digital community, True I/O is poised for success in the years to come.

FAQs

#1. What is True I/O?

True I/O is a blockchain-based platform that provides solutions for the verification and authentication of digital assets. The platform enables a secure and transparent verification process, ensuring the authenticity of digital content.

#2. What is the significance of True I/O’s funding round?

True I/O’s funding round is significant because it highlights the growing recognition of the importance of trust and transparency in the online world. The funding will enable the platform to expand and further its mission of creating a more trustworthy and transparent digital world.

#3. What are some of the challenges that True I/O’s platform will help to address?

True I/O’s platform will help to address challenges associated with the authenticity of digital assets, such as verifying ownership, protecting intellectual property rights, and protecting consumers against fraud.

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