In December 2021, Earnity partnered with Bitcoin mining company BitNile and institutional investors Thorney, an Australian Securities Exchange-listed LIC company, and blockchain fund NGC Ventures during a Series A investment round.
Earnity, with founders Dan Schatt and Domenic Carosa at the helm, announced that it is preparing to release its crypto platform in the first quarter of 2022. The platform will serve those who want to enter the crypto industry and learn about the various forms of fintech products through informative content from both sides while continuing along with innovations including non-fungible tokens (NFTs) or other DeFi products and protocols.
Dan Schatt, Domenic Carosa, and the entire Earnity staff are excited about the possibilities of transacting through blockchain technology. The San Mateo, California-based firm consists of enthusiastic fintech veterans and experts who believe that crypto management can be made easier for everyone. Earnity thinks that the emerging technology of crypto must be open, community-based, and easy to access. The app is in development to become a reliable and secure financial marketplace where everyone can transact and learn more about crypto. Even without cryptography education or experience, users can easily navigate the app with an expanded community of fellow users from different parts of the world.
Meanwhile, working with Earnity is advantageous for BitNile, because it will enable the company to continue mining Bitcoin as it innovates more ways for users to make the most out of the digital currency marketplace. These days, despite the public interest in cryptocurrency and DeFi, many people are hesitant to try these for themselves. The Earnity-BitNile partnership aims to change this so that more people can grow and manage their assets in the cryptocurrency sector while ensuring their privacy, safety, and security online. As the world of crypto and DeFi continues to expand, Earnity is shaping up to be an industry leader.