Ethereum startup EthSign has raised $650 million in investment | NFT News

Ethereum startup EthSign has raised $650 million in investment

Singapore startup EthSign has raised $650 million in a round of seed funding. The Block writes about it, citing the information received from the representatives of the project.

The EthSign investment round was led by venture capital firm Draper Associates. The project team also managed to attract investments from Hashkey Capital and ImToken Ventures.

Representatives of the startup plan to use the funds to hire new employees and enter into partnership agreements.

EthSign is a decentralized application that can be used to save records of electronic document signatures on the Ethereum blockchain. The platform is based on Web3 technology. The developers also used in the project decentralized identifiers (DIDs) and the possibility of smart contracts.

According to EthSign, more than 500 people have already used the platform to sign more than 200 contracts.