InfStones closes $10M in funding to expand blockchain infrastructure services

2021-8-27 01:10

Blockchain infrastructure provider InfStones has announced a $10 million Series A funding round led by Qiming Venture Partners, with participation from DHVC, HashKey Capital, Plug and Play, SNZ Holdings, and the family office of Xinjun Liang, co-founder and former vice-chairman/CEO of Fosun International.

The blockchain space has been historically difficult for people with non-technical backgrounds or companies lacking engineering resources to enter. From simply connecting to a blockchain to staking, most activities require an understanding of blockchain infrastructure and technical expertise.

To fill in the gap and help more individuals and institutions enter the space, InfStones lowers the barriers to connecting with blockchains, allowing clients to quickly deploy nodes on a large variety of networks. InfStones provides services to a wide variety of institutional clients including crypto exchanges, wallets, custodians, asset managers, analytics providers, and more.

Dozens of firms including Binance, Circle, KuCoin, DHVC, imToken, BitGo, and Dune Analytics rely on the InfStones platform to run validator nodes, access on-chain data and build decentralized applications (dApps) across a wide variety of blockchain networks.

Service Expansion

With the new funds, InfStones will expand its services beyond staking to include products such as public and dedicated API gateways and node management services. InfStones is also developing a front-end user interface to enable clients to access the platform through a self-service portal.

As one of the most expansive infrastructure Platform as a Service (PaaS) providers for the blockchain industry, InfStones supports tens of thousands of nodes on more than 50 chains, including Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink, and more.

“As Proof of Stake (PoS) becomes the go-to consensus mechanism for most projects, we have a growing opportunity to fill their infrastructure needs and make blockchain application development as accessible as possible.”
– Dr. Zhenwu Shi, CEO of InfStones

A former engineer at Oracle, Dr. Shi holds a Ph.D. in Computer Science from the Georgia Institute of Technology. The founding team also includes Dr. Xue Liu, a professor at the School of Computer Science at McGill University in Canada, and a fellow at the Canadian Academy of Engineering who serves as Chief Scientist at InfStones. The core team made up of former senior engineers at Google, Oracle, and Microsoft is distributed around the globe and expanding.

The post InfStones closes $10M in funding to expand blockchain infrastructure services appeared first on CryptoNinjas.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

RSK Infrastructure Framework (RIF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RIF

infrastructure funding blockchain infstones holdings snz play

Источник: cryptoninjas.net

infrastructure funding → Результатов: 95


Mining Pools Collude to Fund Bitcoin Cash Infrastructure

Jhiang Zhuoer, CEO of BTC.TOP, a major BCH mining pool, has revealed that top miners have agreed on a proposal to divert 12.5% of the network’s block rewards to infrastructure development. A Controversial Take on Development Funding  Bitcoin Cash is about to embark on yet another string of contentious decisions as the top mining pools […] The post Mining Pools Collude to Fund Bitcoin Cash Infrastructure appeared first on Crypto Briefing.

2020-1-23 11:32


Майнерам Bitcoin Cash предложили отчислять 12,5% наград на развитие криптовалюты

CEO крупнейшего майнинг-пула в системе Bitcoin Cash BTC. TOP Цзян Чжуер выступил с предложением перечислять 12,5% от наград за добычу блоков на развитие криптовалюты. I just published: Infrastructure Funding Plan for Bitcoin Cash https://t.

2020-1-23 10:53


Фото:

Karvuon Opens ProBit Exchange Launchpad IEO to Meet Investing Demand Following Highly Successful Meetup

Based out of Mongolia, blockchain energy infrastructure project Karvuon opened its Launchpad Premium IEO on ProBit Exchange on January 13th. The early offering to investors around the globe will provide the funding needed to pursue their primary objective of providing efficient renewable energy resources while minimizing carbon footprint.

2020-1-16 17:44


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


Meet The SCO: NULS Trials Alternative Crowdfunding Method

NULS, an enterprise-focused blockchain platform, has announced the successful test of its innovative staking service, dubbed Staked Coin Output (SCO). The system leverages NULS’ existing staking infrastructure to provide an inexpensive, low-commitment alternative to ICO’s or STO’s, allowing nascent projects to obtain funding without actually receiving direct monetary contributions.

2019-8-13 16:01


Фото:

BitFury $80M Funding Round Attracts Galaxy Digital’s Novogratz

Bitcoin mining infrastructure company BitFury Group has closed a private funding round worth $80 million from both global and cryptocurrency-focused investors. Cash To Fund ‘Hardware And Software’ Objectives In a press release November 6, BitFury, which is also rumored to be planning an IPO, revealed Mike Novogratz’s Galaxy Digital to be among the participants in the round, which was led by European venture capital firm Korelya Capital.

2018-11-7 11:00


Фото:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51


Фото:

“Sustained and Increasing Demand From Institutions” – Cryptocurrency Prime Dealer Raises $22.7 Million for Its Institutional Crypto Platform

SFOX, a cryptocurrency prime dealer for institutional and large-scale investors, including funds, announced today that it had raised Series A funding of $22. 7 million. Contributors to the funding round include Y Combinator, Blockchain Capital, and others.

2018-8-16 15:49


Фото:

Axoni Closes $32 Million Funding Round Led By Goldman Sachs

New York-based provider of enterprise blockchain technology Axoni has completed a $32 million Series B funding round, bringing total funding up to date to upwards of $55 million. Axoni Boosted By Lucrative Partnerships Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced the successful completion of a $32 million funding round today.

2018-8-15 00:00


дальше еще 46 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru