Web3 social media platform Parler completes $16 million Series B financing, acquires private cloud company Dynascale

Web3 social media platform Parler announced the completion of a US$16 million Series B round of financing. The investor information has not yet been disclosed. The company's total financing so far has reached US$56 million. In addition, Parler also announced the acquisition of private cloud company Dynascale Inc. and reorganized the company into Parlement Technologies, Inc., Parlement Technologies, Inc. will serve as social media platform Parler, Solana-based NFT marketplace DeepRedSky, and wholly-owned subsidiary Dynascale Inc. operated by the parent company. Parler expanded its business to the Web3 and NFT markets in 2021, and then launched the NFT market DeepRedSky in March this year and released the NFT series "Official CryptoTrump Club" related to former US President Trump.