Superfluid Raises $5.1 Million in Strategic Funding Round
Superfluid, an Ethereum-based token streaming protocol, has secured $5.1 million in a strategic funding round. This comes after the company raised $9 million in seed funding last year. The latest funding will help Superfluid attract the right investors and advance its project to the next stage.
Superfluid Distribution Pools
Superfluid’s protocol allows crypto projects to make recurrent payments in a single on-chain transaction using “super tokens.” These tokens facilitate money streams between parties. Additionally, Superfluid has introduced “distribution pools” that enable the creation of funds pools for multiple recipients. This means developers can build scalable streaming smart contracts with predictable gas costs.
Some notable clients of Superfluid include ENS DAO, Optimism, and Gitcoin’s Allo Protocol. The protocol currently supports 10 Ethereum Virtual Machine (EVM)-compatible blockchain networks.
Superfluid Token?
Regarding the launch of a native token, Superfluid aims to be governed by the community and will let the community decide on whether to introduce one. The company plans to follow established methods of decentralizing governance.
Superfluid intends to use some of the funding to expand its team by hiring marketing staff. Currently, there are 18 individuals working for the company, primarily engineers.
Hot Take: Superfluid Revolutionizes Crypto Payments
Superfluid’s recent strategic funding round of $5.1 million further solidifies its position as a leading token streaming protocol in the Ethereum ecosystem. With its innovative features like distribution pools and super tokens, Superfluid enables efficient and scalable crypto transfers.
The support from high-profile clients such as ENS DAO and Optimism demonstrates the trust and value that Superfluid brings to the market. As the protocol continues to expand and support more blockchain ecosystems in the future, it has the potential to revolutionize the way crypto payments are made.
By prioritizing community governance and decentralization, Superfluid ensures a fair and inclusive decision-making process. With its continued growth and development, Superfluid is set to play a significant role in shaping the future of cryptocurrency transactions.
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