One of Europe’s leading blockchain investment groups, Outlier Ventures, a British-based venture capital firm that is focused on distributed ledger-enabled convergence, has taken a “seven-figure stake” in IOTA, held up as the world’s first ‘Blockless Blockchain’ that is targeting the Internet of Things via the company’s Initial Token Offering. While details of the exact investment made by Outlier Ventures have not been disclosed it is understood that it is in the range of “multiple millions.” IOTA’s distributed ledger platform provides the foundation for what is described as “cost-neutral exchange of value” across the Internet of Things (IoT).

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