5ire

5ire is a technology company that has developed 5ireChain, a fifth-generation, sustainability-focused layer 1 blockchain. Founded in 2021 by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila, the company's mission is to build a "for-benefit" blockchain ecosystem that aligns with the UN's 2030 Agenda for Sustainable Development. 5ire's unique consensus mechanism, known as Proof-of-5ire, rewards network participants based on their ESG (Environmental, Social, and Governance) scores and financial stakes. The company achieved unicorn status in 2022 after securing a $100 million Series A funding round, and it aims to empower governments, enterprises, and individuals to build and use applications that foster a sustainable and equitable future.