Coinweb Completes Strategic Round of $4million Pre-Public Sales and Listings
Summary
The layer-2 cross-chain computation platform Coinweb has recently closed a strategic funding round that led to a raise of $4million whilst it looks to expand its board of advisors.Having been a largely self-funded project throughout its 4-years of existence, the decision to hold a strategic round came in light of the first part of the platform being launched on Mainnet beta whilst the importance of community growth and education amongst the targeted audience was realised; now that demonstrable technology had been delivered.Speaking exclusively to The Fintech Times shortly after the platforms inception back in 2017, Coinwebs CEO and Founder Toby Gilbert said: Were a team on a mission to create mainstream adoption of blockchain; were creating blockchain infrastructures to make it easier to use for everybody, every day. It is rewarding to see the commitment and hard work that the team has put in for the past 4 years really start to pay off, Gilbert remarks.James Bowater, Founder and Editor-at-Large of Crypto A.M., was also appointed as Coinwebs ambassador.According to CEO of 316VC, John Edwards: Every so often a project emerges with plans not just merely to exist but disrupt the space with innovation. We are excited with the Coinweb partnership and its plans to unify blockchains and bring technological advancements to the space.Coinweb offers an expanded solution space and reduced platform risk for dApps in respect to interoperability and computation functionality, in comparison to earlier work by other projects, said the co-founders of MM Ventures. By coupling properties, functionalities and data from multiple blockchains, Coinweb has introduced the new frontier of DeFi and cross-chain development. We believe this secure interoperability will open Pandoras box to an explosion of high performance, low-cost dApps, and we are excited to play our part in that development.With the closure of this strategic round, reports show Coinwebs next step will be through an Initial DEX Offering (IDO) public sale on a soon-to-be-announced launchpad.