Chain Reaction, a blockchain chip startup based in Tel Aviv, has raised $70 million in a funding round led by Morgan Creek Digital, a venture capital firm specializing in blockchain technology, AI, and digital assets. This fund will be used to expand its engineering team as it works to develop its next chip and release it to the market this year. Chain Reaction to Work on Electrum In the first quarter of this year, Chain Reaction will begin mass producing its blockchain chip, Electrum, according to Alon Webman, co-founder and CEO of the firm. He claimed that the chip is
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