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Crypto Industry Leader Secures $33.6 Million in VERSE Token Private Sale

On Wednesday, the leading crypto industry firm,, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster’s growing infrastructure by providing a utility token that rewards users for contributing to the ecosystem.

Furthermore, well-known crypto pioneers and influencers such as Jihan Wu, Roger Ver, and David Wachsman participated in the private VERSE sale. Dennis Jarvis,’s CEO, explained in a statement that the token will add a significant amount of utility and value to the firm’s multiple finely-tuned crypto services. Jarvis further explained that the VERSE token public sale will take place this summer.

“Since 2015, has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far we’ve built an incredible portfolio of products and services that count more than 4 million monthly active users and 30 million self-custody wallets created,” Jarvis said after the private sale concluded. “Today, we’re proud to announce VERSE, a utility, and rewards token for everyone who participates in the ready-built Verse ecosystem.”’s CEO added:

VERSE is user-centric and adds tremendous value across our range of crypto products and services including the self-custody wallet app, the Exchange, the Verse DEX, News, and our upcoming crypto-enabled debit card. We’re also extremely excited to announce the Verse public token sale, which is scheduled to begin in June.

Justin Chou, the chief investment officer at Kucoin Ventures, believes the crypto industry will be bolstered by well-known and reliable brands. “The next wave of growth in crypto will be led by strong global brands that create real-world products for millions of people,” Chou said in a statement. “ will accelerate the development of products and partnerships that expand their reach globally.”

What do you think about completing a private VERSE token sale for $33.6 million? Let us know what you think about this subject in the comments section below.

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