The joint blockchain cloud computing venture of computing giant AMD and Ethereum-focused development firm ConsenSys has received $20.5 million in funding.
According to a June 25 announcement, AMD and ConsenSys’ W3bcloud joint venture obtained the funds through the sale of convertible notes to the founding firms and several family offices in the United Arab Emirates. Jörg Roskowetz — the head of the blockchain business unit at AMD — said, “Parallel and distributed computing focused on blockchain use cases is a fast-growing segment of the industry.”
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