Sustainable Blockchain GRNGrid Gets $50M From Investment Firm GEM Digital

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Sustainable blockchain GRNGrid has received a $50 million commitment from digital asset investment firm GEM Digital. GRNGrid allows users to use nodes running on renewable energy for transactions. BrandyBetz reports

GRNGrid users have the option to only use nodes that run exclusively on renewable energy for their transactions.

Swiss non-profit The GRN Association oversees the development of GRNGrid. GRN is the native token of GRNGrid and can be staked to validate and earn validation rewards. The blockchain also has a built-in decentralized exchange called Exnode where consumers can provide liquidity.last week, which shifted the blockchain behind the second-largest cryptocurrency by market value from a proof-of-work consensus mechanimsm to the more sustainable proof-of-stake structure.

 

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