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SolRazr Raises $1.5 Million to Establish the Solana Blockchain‘s First Decentralised Developer Ecosystem
SolRazr is the latest project headquartered in Solana to announce a seven-figure funding round.
SolRazr, a venture platform based in Solana, has announced the launch of the first decentralised developer ecosystem for the Solana blockchain, which includes a Launchpad, Accelerator, and Developer Tools.
SolRazr's mission is to facilitate the evolution of decentralised finance (DeFi) on the high-performance network by acting as the de facto fundraising and developer platform for projects built on Solana. SolRazr co-founder Sreekanth Kalapur commented on the development, saying:
“Solana will fuel SolRazr, enabling ventures to raise financing quickly and at a low cost to investors. Not only is the technology quick and affordable, but it is also safe and bot-proof, ensuring that the SolRazr community receives fair and truly decentralised allocations. SolRazr is more than a launchpad; we're constructing a platform with a slew of developer tools to assist anyone in rapidly developing on Solana.”
SolRazr's allocation strategy will be unique for retail investors, utilising Solana's NFTs.
Solana is a Proof-of-Stake blockchain with a consensus process built from pBFT and 200 global nodes. Due to its coordinated optimisations, Solana is capable of 50,000 transactions per second. Parallel processing of transactions is also supported natively by GPU hardware, making Solana the industry's only multi-threaded blockchain.
Additionally, Vijay Kalangi, a SolRazr co-founder, stated:
“Blockchains and cryptocurrencies are gaining widespread use, owing to institutional investors' increasing interest. However, we are still in the early stages of digital asset and project acceptance and have not even reached 1% of global technology usage. It's been genuinely great to watch SolRazr grow into the platform it is today. We're only scratching the surface of what the full-service SolRazr ecosystem is capable of, and we're excited to reveal it soon.”
SolRazr has announced the completion of a $1.5 million fundraising round led by Moonrock Capital, Ascensive Assets, and Morningstar Ventures. Several prominent firms invested in the round, including Genesis Block Ventures, Divergence, Genblock Capital, CMS Holdings, PANONY, and Skynet Trading, as well as angel investors Sam Kazemian of Frax Finance, Leo Cheng of CREAM, Santiago R Santos, and Chris McCann.
Jonathan Habicht, Managing Partner of Moonrock Capital, commented on the financing:
“Moonrock Capital is ecstatic to be a member of the SolRazr team. SolRazr and its basic components were built to answer several of the Solana blockchain ecosystem's most pressing adoption needs. It is a platform that has been established and developed by a world-class team of blockchain professionals and veterans.”
Added Oliver Blakey, Managing Partner of Ascensive Assets:
“SolRazr provides a great venue for serious builders to generate funding to innovate on Solana, as well as for investors to invest in the ecosystem.”
SolRazr is Solana's first decentralised development ecosystem, with a Launchpad, Accelerator, and Developer Tools. The team is enthusiastic about sharing SolRazr with the cryptocurrency community and with anyone wanting to create and participate. The team believes that DeFi should imply the possibility for everyone to invest in a project that has the potential to influence their lives. The team selected to construct and host its platform on Solana, the DeFi and Web3 futures.
Solana is a high-performance Proof-of-Stake blockchain that prioritises scalability at the expense of decentralisation and security. Until today, blockchains were single-threaded machines, ensuring that no two transactions completed in parallel would clash. Solana enables concurrent GPU parallelisation for the first time, utilising Proof-of-History, a clock prior to consensus, to give high speed, low latency, and affordable transactions at the layer 1 level without requiring sharding.
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By Crypto PiratesSolRazr is the latest project headquartered in Solana to announce a seven-figure funding round.
SolRazr, a venture platform based in Solana, has announced the launch of the first decentralised developer ecosystem for the Solana blockchain, which includes a Launchpad, Accelerator, and Developer Tools.
SolRazr's mission is to facilitate the evolution of decentralised finance (DeFi) on the high-performance network by acting as the de facto fundraising and developer platform for projects built on Solana. SolRazr co-founder Sreekanth Kalapur commented on the development, saying:
“Solana will fuel SolRazr, enabling ventures to raise financing quickly and at a low cost to investors. Not only is the technology quick and affordable, but it is also safe and bot-proof, ensuring that the SolRazr community receives fair and truly decentralised allocations. SolRazr is more than a launchpad; we're constructing a platform with a slew of developer tools to assist anyone in rapidly developing on Solana.”
SolRazr's allocation strategy will be unique for retail investors, utilising Solana's NFTs.
Solana is a Proof-of-Stake blockchain with a consensus process built from pBFT and 200 global nodes. Due to its coordinated optimisations, Solana is capable of 50,000 transactions per second. Parallel processing of transactions is also supported natively by GPU hardware, making Solana the industry's only multi-threaded blockchain.
Additionally, Vijay Kalangi, a SolRazr co-founder, stated:
“Blockchains and cryptocurrencies are gaining widespread use, owing to institutional investors' increasing interest. However, we are still in the early stages of digital asset and project acceptance and have not even reached 1% of global technology usage. It's been genuinely great to watch SolRazr grow into the platform it is today. We're only scratching the surface of what the full-service SolRazr ecosystem is capable of, and we're excited to reveal it soon.”
SolRazr has announced the completion of a $1.5 million fundraising round led by Moonrock Capital, Ascensive Assets, and Morningstar Ventures. Several prominent firms invested in the round, including Genesis Block Ventures, Divergence, Genblock Capital, CMS Holdings, PANONY, and Skynet Trading, as well as angel investors Sam Kazemian of Frax Finance, Leo Cheng of CREAM, Santiago R Santos, and Chris McCann.
Jonathan Habicht, Managing Partner of Moonrock Capital, commented on the financing:
“Moonrock Capital is ecstatic to be a member of the SolRazr team. SolRazr and its basic components were built to answer several of the Solana blockchain ecosystem's most pressing adoption needs. It is a platform that has been established and developed by a world-class team of blockchain professionals and veterans.”
Added Oliver Blakey, Managing Partner of Ascensive Assets:
“SolRazr provides a great venue for serious builders to generate funding to innovate on Solana, as well as for investors to invest in the ecosystem.”
SolRazr is Solana's first decentralised development ecosystem, with a Launchpad, Accelerator, and Developer Tools. The team is enthusiastic about sharing SolRazr with the cryptocurrency community and with anyone wanting to create and participate. The team believes that DeFi should imply the possibility for everyone to invest in a project that has the potential to influence their lives. The team selected to construct and host its platform on Solana, the DeFi and Web3 futures.
Solana is a high-performance Proof-of-Stake blockchain that prioritises scalability at the expense of decentralisation and security. Until today, blockchains were single-threaded machines, ensuring that no two transactions completed in parallel would clash. Solana enables concurrent GPU parallelisation for the first time, utilising Proof-of-History, a clock prior to consensus, to give high speed, low latency, and affordable transactions at the layer 1 level without requiring sharding.
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