The Binary Holdings, a prominent web3 infrastructure provider catering to telecommunication companies, has successfully concluded a substantial $8 million funding round. From its inception, The Binary Holdings has been steadfast in its mission to onboard the next billion users to Web3, and this recent funding round underscores industry leaders' confidence in the team's ability to achieve this ambitious goal.

The strategic $8 million investment round attracted notable names such as Luna Media Capital, International Blockchain Consulting Group, A3S Group, Plug and Play Ventures, SOSV, Dutch Tech Sports Fund, Strauss Capital, and several other distinguished investors. Collectively, these investors bring a wealth of expertise spanning diverse industries encompassing both Web2 and Web3, heralding an era of transformative growth and innovation for The Binary Holdings.

Nikita Sachdev, founder and CEO of Luna Media Capital, expressed pride in being strategic investment partners with The Binary Holdings. Sachdev highlighted the company's seamless integration of telecommunication and blockchain technology, underscoring its mission to onboard the next billion users to the Web3 space. This partnership aims to usher in a new era of connectivity, with the BNRY token serving as the cornerstone of a decentralized, user-centric digital ecosystem, revolutionizing telecommunications networks and paving the way for a fully interconnected world.

The Binary Holdings' strategic positioning at the intersection of telecommunication and Web3 uniquely equips it to serve telecommunication companies seeking Web3 solutions to address challenges related to user activation, engagement, retention, and sustainable revenue growth per user. Since securing investments from these strategic partners, The Binary Holdings has expanded its footprint across Southeast Asia, penetrating markets in Indonesia, the Philippines, Myanmar, Vietnam, and other countries. Through partnerships with leading operators in these regions, The Binary Holdings anticipates exposure to over 200 million users within the next 12 months.

Gilly Strauss, CEO of Strauss Capital, commended The Binary Holdings for its groundbreaking mission to redefine web3 infrastructure for the telecom industry. Strauss emphasized the potential of The Binary Holdings to lead the future of the web3 telecom space by empowering the telecom industry one user at a time.

In addition to the strategic funding round, The Binary Holdings recently concluded an oversubscribed community-exclusive presale, reflecting significant anticipation among community members eagerly awaiting their listing. In response to overwhelming demand, the company has initiated a public presale on several top-tier launchpads, leading up to their highly anticipated listing event scheduled for April 30th, 2024.

The Binary Token ($BNRY) serves as the cornerstone of the TBH ecosystem, facilitating seamless transactions and interactions for the ecosystem's 40 million users. Combined with TBH's planned cutting-edge layer-2 solution, the BNRY token catalyzes widespread adoption of Web3, propelling the world closer to a fully interconnected, blockchain-powered future.

With an impressive average monthly user base of 38 million and 3.3 million active daily users, The Binary Holdings demonstrates a strong commitment to delivering Web3 solutions that resonate with users on a daily basis. Recent integrations, including partnerships with Lost Club Toys and TwinMatrix Technologies, further amplify TBH's impact and enhance the utility of the $BNRY token.

Manit Parikh, CEO of The Binary Holdings, expressed gratitude for the support of leaders and innovators from both the Web2 and Web3 realms. Parikh emphasized their unwavering support as a testament to The Binary Holdings' vision and ongoing journey of creating value for telecom partners and utility for the BNRY token.

Continually integrating new partners into its ecosystem, The Binary Holdings expands its universe and enhances the value of the TBH ecosystem, empowering the BNRY token with greater utility. Collaborative endeavors across DePin, SocialFi, and DeFi present users with abundant opportunities to engage and access a variety of products and services within the ecosystem.

About The Binary Holdings:
The Binary Holdings is a leading Web3 infrastructure provider for telecommunication, BFSI, gaming, and eWallet companies across emerging economies in Southeast Asia. Headquartered in DIFC, UAE, the company prioritizes innovation and opportunity across its diverse business ecosystem.