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
SharpLink Gaming has earned $33 million from Ether staking in the past seven months. The…
Torbay, Canada, 8th January 2026, ZEX PR WIRE, Kirk Kendall is a mechanical engineer and project management…
Hungary’s crypto market is shrinking again as more platforms pull back under a national rule…
Barclays invests in Ubyx for stablecoin clearing Barclays has taken a stake in Ubyx, a…
Daily integrations pledge aims for top 3 status In an early 2026 social post captured…
Record stablecoin transfer activity on Ethereum The Ethereum network processed a record volume of stablecoin…