Etherealize, a company focused on promoting Ethereum, has completed a $40 million funding round that will garner attention from public companies towards the cryptocurrency.
Funding Goals of Etherealize
Etherealize announced the completion of a $40 million funding round led by venture firms Electric Capital and Paradigm. The funds will be used to develop tools for institutional investors and create infrastructure for privately trading and settling tokenized assets.
Rising Interest in Ethereum
Amid this funding round, interest in Ethereum has surged, as public companies have added over $1.2 billion in Ether this week. The Ether Machine plans to go public, having added 150,000 ETH worth $654 million.
ETH Market and Predictions
Currently, Ether is trading just under $4,400, and with the recent increased interest from institutional investors, it is predicted that there is a 44% chance of reaching $6,000 by the end of the year.
Recent investments and the growing interest in Ethereum from public companies may significantly impact the cryptocurrency's potential growth, as Etherealize actively works to ensure institutional opportunities for Ether.
