W3BCLOUD to go public via merger with Social Leverage Acquisition I in a $1.25bn deal.

W3BCLOUD, a storage and compute infrastructure provider for Web3, agreed to go public via merger with Social Leverage Acquisition I, a publicly traded special purpose acquisition company, in a $1.25bn deal. "W3BCLOUD is building the next generation infrastructure to support the Web3 economy, transitioning more control and ownership into the hands of developers and customers across industries spanning finance, digital storage, media and entertainment. This transaction allows us to expand our support to Web3 developers and scale with the Web3 economy’s anticipated significant growth. I could not be more excited by the depth of experience and knowledge Social Leverage will bring to our company. With the added benefit of SLAC’s expertise and continued technical support from AMD and ConsenSys, I believe that W3BCLOUD will emerge as the leading dedicated platform to support the Web3 economy," Sami Issa, W3BCLOUD CEO.