- Koinos is a free-to-use blockchain developed by a gaggle that additionally helped create the Steem blockchain.
- The Koinos Group mentioned 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
In keeping with 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 an entire by committing funds to an organization whose total enterprise mannequin relies on supporting a very decentralised platform,versus a platform that’s decentralised in identify alone,”mentioned Koinos Group CEO Andrew Levine.
The Koinos Group will use the funds to develop Koinos Professional, a subscription product that enables builders to launch extremely scalable decentralised purposes (dApps). In a tweet on Thursday, the platform mentioned Koinos Professional is a software program that can assist utterly take away entry limitations 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 enable 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 implies customers can entry high-performance apps as simply as is presently throughout 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 reside, notably with out involving an preliminary coin providing (ICO), pre-mine or airdrop to insiders and such. Koinos’ “Mana” system permits individuals with out the native KOIN token to nonetheless entry the blockchain.