Moondance Labs Secures $6 Million in Funding to Advance Tanssi Appchain Infrastructure Protocol
Moondance Labs, the company behind the Tanssi appchain infrastructure protocol, has successfully raised $6 million in a strategic funding round. The funding was co-led by venture capital firms Scytale Digital, KR1, and SNZ. Other notable participants in the round include Arrington Capital, Borderless Capital, Hypersphere, Blockchain Founders Fund, and angel investor Gavin Wood.
This significant investment will enable Moondance Labs to expand its team and further develop the Tanssi protocol. The goal is to simplify and expedite appchain deployments, providing developers with efficient tools for swift chain launches. This advancement is expected to reduce the time required for these processes from months to just minutes.
Advancing Beyond Polkadot with Tanssi
George McDonaugh, Managing Director and Co-Founder of KR1, expressed his confidence in Moondance Labs’ progress and highlighted the team’s achievements over the past year. He emphasized that Tanssi has become a go-to tool for appchain developers and will play a critical role in expanding appchains beyond Polkadot. McDonaugh believes that Tanssi’s efficiency and scalability benefits will be easily accessible to developers as they continue their journey.
Tanssi’s Diverse Applications in Various Sectors
Tanssi’s streamlined appchain deployment process eliminates technical and cost barriers, making it easier to launch appchains in different sectors. These include non-fungible tokens (NFTs), decentralized finance (DeFi), gaming, real estate, and green energy. By providing a seamless developer experience without compromising security or decentralization, Tanssi aims to offer unparalleled support for deploying Layer 1s.
Excitement for the Future of Tanssi
Francisco Agosti, Co-founder of Tanssi and CEO of Moondance Labs, expressed his enthusiasm for closing the funding round. He emphasized the team’s commitment to delivering the best possible developer experience while maintaining high standards of security and decentralization. Agosti extended his gratitude to all the participants in the funding round for their continuous support.
An Upcoming Testnet Campaign
In addition to ongoing development efforts, the Tanssi team is planning an incentivized testnet campaign. This campaign aims to celebrate and reward the community for their contributions to innovative projects within the Tanssi ecosystem. The campaign will consist of on-chain and off-chain challenges designed to encourage deeper engagement with Tanssi’s technology and diverse range of decentralized applications (dApps). Developers and enthusiasts alike will have the opportunity to test and explore the network’s capabilities.
Hot Take: Moondance Labs Raises $6 Million to Accelerate Tanssi’s Development 🚀
Moondance Labs has successfully secured $6 million in funding from prominent venture capital firms, angel investors, and blockchain organizations. This funding will be instrumental in advancing the development of Tanssi, a powerful appchain infrastructure protocol. With simplified appchain deployments and enhanced efficiency, developers can launch chains in various sectors with ease. Tanssi aims to offer an unparalleled developer experience while maintaining high standards of security and decentralization.
The upcoming incentivized testnet campaign further demonstrates Moondance Labs’ commitment to engaging with its community and promoting active participation. By rewarding contributors and encouraging deeper interaction with Tanssi’s technology, this campaign will undoubtedly foster innovation within the ecosystem.
With this recent funding success, Moondance Labs is well-positioned to solidify Tanssi’s role as a go-to tool for appchain developers and drive the expansion of appchains beyond Polkadot. The future looks bright for Tanssi and its mission to revolutionize appchain deployments in various sectors.
Source: Moondance Labs
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