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Firechain Raises $3 Million in Pre-Seed Funding to Launch its Innovative Blockchain Platform

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Firechain Raises $3 Million in Pre-Seed Funding to Launch its Innovative Blockchain Platform

May 24
02:40 2023

Firechain Raises $3 Million in Pre-Seed Funding to Launch its Innovative Blockchain Platform

Firechain, the next-generation smart contract platform, has announced a successful $3 million pre-seed funding round. The round was led by Genblock Capital and includes a consortium of forward-thinking investors, including MGNR, Cogitent Ventures, and 1NVST. This investment will fuel Firechain’s mission to revolutionize the blockchain landscape by expanding its team and accelerating its development roadmap.

Firechain is pioneering a unique approach to blockchain technology, with its asynchronous, event-driven architecture and innovative “Heat” system. These features promise a future of no-fee transactions, instant finality, and provably secure on-chain randomness, setting a new standard for the next generation of decentralized applications.

“We’re incredibly excited to have the backing of such visionary investors,” said the Firechain team. “This funding will enable us to grow our team, accelerate our development efforts, and bring us closer to realizing our vision of a more efficient, scalable, and user-friendly blockchain network.”

The investors share Firechain’s excitement about its potential. “We are more than proud to support Firechain in this early stage,” said a representative from 1NVST. “Firechain has some unique selling points and the quality of the team to develop them. We look forward to a successful future together.”

With this new injection of funding, Firechain is poised to expand its team and continue its groundbreaking work in the blockchain space. The company is currently in a pre-release stage, with its entire platform set to be open-source, reflecting the spirit of transparency and community collaboration that is at the heart of the blockchain industry.

For more information about Firechain, please visit www.firechain.io

About Firechain

Firechain is a cutting-edge decentralized application platform that is redefining the blockchain landscape. With its unique hybrid ledger model, innovative “Heat” system, and advanced functionalities, Firechain is poised to become a leading platform for the next generation of decentralized applications. For more information, visit www.firechain.io.

Media Contact
Company Name: Firechain Labs
Contact Person: Shawn Atello
Email: Send Email
Country: United States
Website: https://firechain.io

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