Domenic Carosa’s New Firm Earnity is slated to launch a curated DeFi marketplace
Headquartered in San Mateo, California, Earnity is a cryptocurrency investment firm composed of dedicated, seasoned fintech professionals. The startup raised more than $20 million last year, with $15 million coming from BitNile, Inc., a company focused on data center operations and Bitcoin mining. With their partnership, the two companies aim to make cryptocurrency more accessible to individuals worldwide, no matter their background or location.
Earnity founders Domenic Carosa and Dan Schatt are leading the company toward becoming a trailblazer in blockchain. Together with their staff, they are committed to developing crypto products that would become the benchmark in the industry. BitNile, a subsidiary of BitNile Holdings, Inc., closed a Series A investment in Earnity on Dec. 6, 2021. BitNile is expected to bring its expertise on data center operations and Bitcoin mining into the partnership, with its executive vice president of alternative investments, Christopher Wu, slated to join Earnity executives Dan Schatt and Domenic Carosa in the startup’s board of directors.
For BitNile, Earnity is a transformational investment as it would allow BitNile to build the foundation of a crypto revolution and deliver the benefits of DeFi to users around the world, whether they are veterans or beginners in cryptocurrency. Earnity is set to launch a curated marketplace for tokens early this year. According to Domenic Carosa and Dan Schatt, the upcoming platform will provide an avenue for users to earn and learn about the industry. In addition, it would permit users to collect and gift a myriad of portfolios and tokens inclusively and safely, not wanting global users to miss out on the usability and traction cryptocurrency is gaining.
Other companies that helped Earnity raise $20 million the past year include blockchain fund NGC Ventures and Australian Securities Exchange-listed company Thorney, both institutional investors.