Aspire Technology raises $2.4m to expand token creation platform

Digital asset ecosystem developer, Aspire Technology, has announced the closing of both a $1.175 million equity round that preceded a $1.23 million private token presale for a total of more than $2.4 million of new capital.

The latest equity round was led by German blockchain fund Foeckersperger Ventures, GmbH as well as individual accredited investors.

The private sale was conducted in Bermuda and led by Cayman Islands registered digital currency fund, Alphabit Fund.

“Once consumers see how easy and inexpensive it is to create a digital asset with Aspire, everyone who has a social media presence, personal blog or small business will realise they want to have one,” said Jim Blasko, CEO of Aspire Technology and lead developer of the Aspire blockchain platform.

“Follow me on Twitter will soon be replaced by ‘let me send you some tokens’ as loyalty programs, digital collectibles, fan clubs and 100 other use cases evolve using the low cost, trackability, international transaction capabilities and permanence of digital assets becomes mainstream.”

The topic of token creation has been highlighted even more this year with the rise of DeFi and NFTs, with thousands of new erc-20 tokens and non-fungible tokens being launched to capitalise on the latest wave of optimism.

Aspire’s mainnet went live in July and it is now offering an airdrop to anyone that wants to create a token if they join the company’s community Telegram channel.

The platform consists of Aspire (ASP), which is currently only available through the airdrop campaign, with the first 10,000 users receiving sufficient Aspire and Aspire Gas to create one digital asset.

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