- Koinos is a free-to-use blockchain developed by the group that also contributed to the creation of the Steem blockchain.
- Koinos Group said its Blockchain Founders Fund led the seed round, with participation from blockchain gaming platform Splinterlands.
- Koinos will use the funds to build Koinos Pro, a set of software products that help developers build scalable decentralized applications.
In the latest cryptocurrency news, Koinos Group, developers of the free-to-use blockchain Koinos, announced a $500,000 seed round.
Blockchain Founders Fund Leads Koinos Seed Round
according to Press release coin journalBlockchain Founders Fund, an early-stage industry-focused venture fund based in Singapore, led a seed round on Thursday. The round was also joined by his Splinterlands, a blockchain gaming company.
“The Blockchain Founders Fund aims to help this sector by funding companies whose entire business model is based on supporting truly decentralized platforms, as opposed to platforms that are decentralized in name only. Demonstrate leadership throughout.said Koinos Group CEO Andrew Levine.
Koinos Group will use this funding to develop Koinos Pro, a subscription product that allows developers to release highly scalable decentralized applications (dApps).so Tweet On Thursday, the platform said Koinos Pro is software that will help completely remove the barriers to entry into the dApps ecosystem.
We are pleased to announce the closing of our $500,000 seed round, which includes an investment from @Blockchain FF When @Splinterlands. This allows you to build #Koinosu PRO; software to enable developers to build dApps with no barriers to entry. https://t.co/tWzmL4A93D
— KoinosGroup 🔮 (@TheKoinosGroup) January 19, 2023
The Koinos blockchain already allows developers to build and launch dApps that are free to use in any programming language. This means users can access high performance apps as easily as they currently have within the Web2 ecosystem.
Founded in 2020, Koinos Group is a project overseen by several blockchain veterans, including a group of Steem blockchain core developers.
The funding round comes just two months after the Koinos mainnet went live and specifically does not include Initial Coin Offerings (ICOs), pre-mining, insider airdrops, etc. Koinos’ “Mana” system allows access to the blockchain without his native KOIN token.