On December 25th, Layer1 distributed ledger technology platform (DLT) Grape completed a $35 million financing round, with global alternative investment group LDA Capital participating. Grape plans to use the funds to accelerate project development, while also conducting strategic token buybacks to reduce the circulating supply of its native token GRP.

Grape is a Layer1 distributed ledger technology platform that combines the decentralization and security of Web3 with the user-friendliness of Web2. Its main features include the high-speed distributed ledger VINE, the artificial intelligence engine ANNE that simplifies smart contract and DApp development, and decentralized cloud storage.