Artela Raises $6M in Seed Round Funding to Extend the Boundaries of Decentralized Applications
Artela, a blockchain network, has successfully raised over $6M in seed round funding. The funding round was led by Shima Capital, along with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others. The goal of Artela is to build a base-layer blockchain network that caters to the growing demand for large-scale decentralized applications.
Here are the key points of Artela’s mission:
– Artela aims to meet the increasing demand for large-scale decentralized applications.
– Their innovative design allows developers to build native extensions on top of the blockchain’s base layer, enabling more on-chain programmability.
– This approach allows for faster innovations and more possibilities.
– The seed round funding will be used to fuel Artela’s technology development, expand the team, and drive market expansion efforts.
– The diverse yet like-minded investor base provides a solid foundation for future growth.
According to Yida Gao, the Founder & Managing General Partner of Shima Capital, Artela enables the achievement of effects similar to those of a conventional full-featured operating system. The addition of a user-defined native extension called Aspect enhances programmability while ensuring compatibility with existing smart contracts. Artela plans to publish the Aspect white paper and launch the initial testnet later this year.
Artela is dedicated to enhancing the extensibility of blockchain and empowering developers to easily customize their decentralized applications in a modular manner, driving faster innovations in Web3.
About Artela
Artela is an extensible blockchain network that enables developers to build feature-rich decentralized applications (dApps). They are focused on enhancing the extensibility of blockchain and empowering developers to easily customize their apps in a modular manner.
About Shima Capital
Shima Capital is a leading early-stage VC firm founded by Yida Gao in 2021. The firm takes a hands-on approach, working closely with portfolio companies to provide maximum support. Shima Capital helps hire talent, amplify narratives, and foster the acceleration of technical research and development in the Web3 space.
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