- Koinos is a free-to-use blockchain developed by a gaggle that additionally helped create the Steem blockchain.
- The Koinos Group stated the Blockchain Founders Fund led the seed round, with blockchain gaming platform Splinterlands collaborating.
- Koinos will use the funds to construct Koinos Pro, a software program product set to assist builders construct scalable decentralised functions.
In the newest cryptocurrency news, Koinos Group, the developer of the free-to-use blockchain Koinos, has introduced a $500,000 seed round.
Blockchain Founders Fund leads Koinos seed round
According to a press release CoinJournal obtained on Thursday, Singapore-based early stage industry-focused enterprise fund the Blockchain Founders Fund led the seed round. The round additionally noticed the participation of blockchain gaming agency Splinterlands.
“Blockchain Founders Fund is demonstrating leadership in the space as a whole by committing funds to a company whose entire business model is based on supporting a truly decentralised platform,as opposed to a platform that is decentralised in name alone,”stated Koinos Group CEO Andrew Levine.
The Koinos Group will use the funds to develop Koinos Pro, a subscription product that permits builders to launch extremely scalable decentralised functions (dApps). In a tweet on Thursday, the platform stated Koinos Pro is a software program that may assist fully take away entry obstacles to the dApps ecosystem.
We are excited to announce the shut of a $500k seed round which included investments from @BlockchainFF and @splinterlands. This will permit us to construct #KoinosPRO; software program for empowering builders to construct dApps with NO BARRIERS TO ENTRY! https://t.co/tWzmL4A93D
— KoinosGroup ???? (@TheKoinosGroup) January 19, 2023
Already, the Koinos blockchain permits builders to construct and launch free-to-use dApps in any programming language, which suggests customers can entry high-performance apps as simply as is at the moment throughout the Web2 ecosystem.
Founded in 2020, the Koinos Group is a venture overseen by a number of blockchain veterans – together with a core developer group of the Steem blockchain.
The funding round comes simply over two months after the Koinos mainnet went dwell, notably with out involving an preliminary coin providing (ICO), pre-mine or airdrop to insiders and such. Koinos’ “Mana” system allows folks with out the native KOIN token to nonetheless entry the blockchain.
