- 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 spherical, with blockchain gaming platform Splinterlands collaborating.
- Koinos will use the funds to construct Koinos Professional, a software program product set to assist builders construct scalable decentralised purposes.
Within the newest cryptocurrency news, Koinos Group, the developer of the free-to-use blockchain Koinos, has introduced a $500,000 seed spherical.
Blockchain Founders Fund leads Koinos seed spherical
Based on a press release CoinJournal obtained on Thursday, Singapore-based early stage industry-focused enterprise fund the Blockchain Founders Fund led the seed spherical. The spherical additionally noticed the participation of blockchain gaming agency Splinterlands.
“Blockchain Founders Fund is demonstrating management within the house as a complete by committing funds to an organization whose total enterprise mannequin is predicated on supporting a very decentralised platform,versus a platform that’s decentralised in identify alone,”stated Koinos Group CEO Andrew Levine.
The Koinos Group will use the funds to develop Koinos Professional, a subscription product that permits builders to launch extremely scalable decentralised purposes (dApps). In a tweet on Thursday, the platform stated Koinos Professional is a software program that can assist fully take away entry obstacles to the dApps ecosystem.
We’re excited to announce the shut of a $500k seed spherical which included investments from @BlockchainFF and @splinterlands. This can 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 present inside the Web2 ecosystem.
Based in 2020, the Koinos Group is a mission overseen by a number of blockchain veterans – together with a core developer group of the Steem blockchain.
The funding spherical 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 individuals with out the native KOIN token to nonetheless entry the blockchain.