Blockchain Founders Fund leads $500K seed round for Koinos

• 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 functions.

Within the newest cryptocurrency information, 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 launch 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 area as a complete by committing funds to an organization whose complete enterprise mannequin is predicated on supporting a really decentralised platform,versus a platform that’s decentralised in title 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 functions (dApps). In a tweet on Thursday, the platform mentioned Koinos Professional is a software program that may assist fully take away entry boundaries to the dApps ecosystem.

We’re excited to announce the shut of a $500k seed spherical which included investments from @BlockchainFF and @splinterlands. It will 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 at present 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 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.