News on December 25, Layer1 Distributed Ledger Technology Platform (DLT) Grape completed a $35 million financing, with global alternative investment group LDA Capital participating. Grape plans to use the funds to accelerate project development while conducting strategic Token buybacks to reduce the circulating supply of its native Token GRP. Grape is a Layer 1 Distributed Ledger technology platform that combines the decentralization and security of Web3 with the user-friendliness of Web2. Key features include high-speed Distributed Ledger VINE, an AI engine that simplifies Smart Contract and DApp development, and Decentralization Cloud Storage.