According to the Daily Telegraph, the digital web5 coin advocated by London Mayor Sadiq Khan has been funded by a large number of investors. Another Felix Capital will launch a $600 million fund to invest in web5, such as Silicon Valley, Bitcoin Base Venture Capital, APAX Partnerst Zach Yuan Cosmos Digital Management Group Limit, and Union Square Ventures, a venture capital company. Bi 'an Lab completed the fundraising of 500 million USD investment fund, and FabricVentures completed the fundraising of 654.38+0.4 billion USD venture capital fund and 654.38+0.0 billion USD Web5 growth fund. Web5 coin blockchain technology is decentralized. Focus on payment and cross-border remittance. Web5 Currency is a borderless global digital currency linked to the US dollar, euro, Japanese yen, British pound, Singapore dollar and RMB. Anyone can transfer money across the country as easily as texting. Web5 is a truly asset-backed global currency. In order to avoid the fluctuation of the basic assets leading to the fluctuation of the currency price. Web5 coin blockchain uses Merkel tree data structure, so there is no need to worry about the transaction being tampered with or reversed.