RATE Group | Sh**tcoins! 4New lands $30 million to turn waste into cryptocurrency
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Sh**tcoins! 4New lands $30 million to turn waste into cryptocurrency

23 Jul Sh**tcoins! 4New lands $30 million to turn waste into cryptocurrency

Posted at 16:48h in Cryptocurrency News by

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If you’ve been involved for even a minute in the world of cryptocurrencies, blockchain, and distributed ledgers, you’ll know there’s a term for tokens that are entirely useless and destined to end up on the crypto garbage pile.

Shitcoins.

But one company is taking a very different approach to cryptocurrency mining, turning the waste we humans produce and converting it into energy, which is then used to mine new tokens. This gives the term an entirely new definition, one that is wholly more useful.

An eco-friendly, blockchain ecosystem powered by waste to provide energy for power plants, 4New has announced a $30 million private equity institutional investment round from Mirach Capital to help turn its vision into a reality. This is Mirach Capital’s first investment following the announcement of its $200 million crypto-fund late last year.

So how does it work?

4New has designed a process that utilizes anaerobic digestion technology to convert regular household waste…

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