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Web3 Startup Naval, with Cincinnati Ties, Raises $4M Led by BlockTower

Naval, a new Web3 startup co-led by Matt Schoch, former CTO at Cloverleaf for four years and alumni of University of Cincinnati, Kroger, and GE, has announced a $4 million seed round led by BlockTower, a Miami-based digital-asset investment firm.

The company aims to build a platform that enables organizations to securely use complex digital assets like NFTs in the Web3 space, a new stage of the internet driven by the decentralized cryptocurrency-related technology blockchain. This funding will help Naval make its mark in the fast-growing digital wallet space.

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