StreamCoin announced that it has obtained a corporate ICO investment from TNC IT Group, a blockchain consulting firm. TNC IT Group, in particular, acquired nearly 200 million STRM in the recently finished STRM public sale.
The announcement comes after StreamCoin disclosed that it raised over $11.7 million over its three-month public sale, surpassing the STRM soft capitalization objective of $11,250,000.
The close relationship between StreamCoin and TNC began when the latter staged the concurrent World Live Streamers Conference (WLSC) and World Metaverse Conference (WMC). Over 30,000 individuals attended the back-to-back conferences, which took place on March 25 and 26, 2022, at the Festival Arena in Dubai, UAE, and remotely.
StreamCoin actively sponsored the organizers of the aforementioned events as a Platinum Sponsor. Along with other on-stage appearances, StreamCoin CEO Michael Ein Chaybeh was granted the distinction of delivering the welcome address. Additionally, the MeiTalk Top 100 Influencer Awards were sponsored by StreamCoin’s multi-streaming platform MeiTalk.
Michael commented on the TNC investment:
“StreamCoin is known as a prime mover in the live streaming industry. This recent investment made by TNC only goes to show how much potential they see in StreamCoin, and for that, I am truly grateful. This also bears testament to the friendship and understanding that we have developed over the months.”
For his part, TNC Executive Director Jason H. Jang remarked:
“Since our correspondence earlier this year, we at TNC IT Group have seen tremendous potential in StreamCoin in revolutionizing social media, particularly live streaming. It is our mission to look for promising companies to support, and StreamCoin is definitely one that exhibits all of the qualities we are looking for in a partner company. We look forward to more fruitful collaborations in the future.”
Meanwhile, StreamCoin has announced that STRM would be listed on over 100 cryptocurrency exchanges. Additionally, the company has established STRM Staking, an online facility through which STRM holders can earn income on their STRM by staking them in GaStream (GSTRM). Additionally, the organization will offer a swapping service through Stream Bridge.
