New York, NY, United States, 23rd May 2023 – Firechain, the next-generation smart contract platform, has announced a successful $3 million pre-seed funding round. The round was led by a leading investor group and includes a consortium of investors. 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.”
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.
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 https://www.firechain.io/
Organization: Firechain
Contact Person: Chelsea Potter (Public Relations Manager)
Website: https://www.firechain.io/
Email: media@firechain.io
City: New York
State: NY
Country: United States
Release Id: 2305233688
The post Firechain Raises $3 Million in Pre-Seed Funding to Accelerate Development of its Innovative Blockchain Platform appeared first on King Newswire.
Information contained on this page is provided by an independent third-party content provider. eTrendystock make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@etrendystock.com
Dubai, UAE, 10th March 2025, ZEX PR WIRE, ERA Wallet, a next-generation hardware wallet, announced its…
London, UK, 10th March 2025, ZEX PR WIRE, In the rapidly evolving world of artificial…
ZetaChain, described as the world’s first universal blockchain, has officially launched support for the Arbitrum…
BNB Chain is preparing for one of its most significant upgrades yet, with the Pascal…
Seismic, an emerging encrypted blockchain developer, has successfully raised $7 million in a funding round…
Industry-Leading IP Valuation Firm Highlights Key Assumptions Behind Its Assessment Las Vegas, NV, 6th March…