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Calvin Ayre's Ayre Group acquired a majority stake in nChain, a global leader in blockchain and Web3 technology, in a $570 million deal. Nile, co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, raised $175 million in a Series C funding round, aiming to disrupt the networking industry with network-as-a-service solutions. Nile plans to expand its sales and marketing team and target mid-sized enterprises.
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How might the acquisition of nChain by Ayre Group impact the blockchain and Web3 technology landscape?
How might the funding raised by Nile influence the company's growth and market position?
What are the potential implications of Nile's network-as-a-service solutions on the traditional networking industry?
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