Led by Hashed and K300 Ventures, with participation from GuildFi and GBV Capital, Modular Labs has closed its pre-seed funding round and aims to accelerate the widespread adoption of Web3 in Asia.
From monolithic Blockchain to modular Blockchain
For Web3 to be broadly accessible, the consumer encounter ought to be as basic and intuitive as the Web2 encounter. Web3 is unlikely to be utilised on a every day basis if it nevertheless maintains a hostile and technologically complicated UI/UX that confuses consumers.
Bringing the Web2 encounter to Web3 is tough for the reason that most current blockchains are Monolithic blockchainin terms of style, it truly is not optimum when focusing on the encounter.
Modular blockchain the opposite, like Coinlive explained in the comparison in between Monolithic Blockchain and Modular Blockchain, it is straightforward to increase and raise versatility, therefore satisfying all the infrastructure prerequisites for the dApp to perform. From there, the moment the dApp is operating smoothly on the platform, it will be a lot easier to optimize the consumer encounter.
Source: Modular Laboratories
The positive aspects provided by Modular Blockchain are really promising. However, the complicated engineering generates a substantial barrier for developers who want to start off constructing tasks with a modular framework.
Recognizing this challenge, Modular laboratories give the assistance and assets essential for developers to exploit the prospective of Modular Blockchain, with the aim of generating decentralized applications that are a lot easier to use and extra common.
Hashed and K300 invest in modular laboratories
Modular Labs’ pre-seed funding round was co-led by two business-foremost venture capital money: Hashing AND K300 Ventureswith the participation of GuildFi e GBV Capitalcontributing to a big transformation in the modular Blockchain section.
We are amazingly energized to announce our strategic traders @hashed_official, @K300Ventures and be supported by @GuildFiGlobal @gbvofficial 🪄 pic.twitter.com/8LxnN5uSdh
— Modular Labs (@ModularLabs_HQ) September 11, 2023
Hashed and K300 are the two seasoned investment money with considerable information of the Web3 market place and will hence give invaluable assistance to venture founders. Their participation not only strengthens Modular Labs, but also accelerates the growth of scalable, straightforward-to-use dApps and lays the basis for a extra available decentralized potential.
Hashed co-founder and companion Ryan Kim spoke about this investment:
“We all envision a potential in which blockchain engineering is not only available to the technological elite but inside the attain of all walks of lifestyle.
Therefore, with this investment, we hope that Modular Labs can support break new ground and advance breakthroughs in the discipline of blockchain.”
Meanwhile, Anthony, co-founder and CEO of K300 Ventures, commented:
“We think in the prospective of blockchain applications in Asia. The investment in Modular Labs is a promising venture that serves as a launching pad for blockchain developers, supporting them in all elements as a result of substantial-tech platforms, seasoned employees and assistance from of the government and produce a reliable basis for the growth of Web3.”
Hash information and facts
Hashing is a staff of elite blockchain industry experts and developers from all-around the globe, such as Seoul, Singapore, Bangalore, and Silicon Valley. We think that decentralization can support transform the landscape of the worldwide economic climate and world-wide-web infrastructure. Our mission is to accelerate the mass adoption of blockchain as a result of investment, whilst enabling entrepreneurs to produce the potential.
About K300 Ventures
K300 is a venture capital company that supports early-stage blockchain tasks as a result of funding, mentorship, and advice. K300 owns a single of the most prominent cryptocurrency communities in Vietnam, Trade Coin Vietnam Community, which connects like-minded folks and gives worthwhile assets for people who want to discover about cryptocurrency and blockchain engineering.
Note: This is sponsored information, Coinlive does not right endorse any information and facts contained in the post over and does not ensure the veracity of the post. Readers need to perform their personal investigate in advance of creating selections that influence themselves or their enterprise and be ready to consider obligation for their options. The over post need to not be deemed investment information.
