Everledger blockchain company began bankruptcy proceedings – Bits Media

Australian startup Everledger, specializing in blockchain technologies for manufacturers and buyers of luxury items, submitted a bankruptcy and liquidation application due to lack of funding.

According to Everledger, Despite the attraction of more $54 Mill of external investments, The company experiences an acute shortage of financing financing, which led to a decision on voluntary bankruptcy.

Everledger has stopped active operations and sent the employees a notification of dismissal yet 31 Martha. 24 April the startup company was appointed by the accounting company Vincents Chartered Accounts.

One of the main sponsors Everledger was the Chinese corporation Tencent, The owner of the Ecosystem based on the WeChat messenger. It is assumed, that Everledger lost the support of the corporation after leaving the company at the beginning of the year of the head of the TENCENT blockchain. (Cai Yige), who founded his own Web3 Wallet Punk Code project.

Everledger developed blockchain projects to track luxury items, such as diamonds, Precious metals, high -class fashion clothes, arts and wine. IN 2019 year the Russian diamond company "Alrosa" announced
On the launch of a pilot project for tracking the Everledger blockchain in collaboration with Tencent.