zbyte Raises $5M to Propel Web3 Adoption in Businesses

Editorial Desk · 2024-01-19T12:03:20+05:30

Web3 startup, zbyte, has successfully secured $4 million (INR 33.2 crore) as part of a strategic funding round from investors, including Cartography Capital and Quarterback Financial. Additionally, the company received an added commitment of $1 million. The fresh capital injection is earmarked to support aggressive hiring, expedite product development, and to showcase the novel platform's use cases. Furthermore, zbyte plans to utilize the funding to accelerate its roadmap, attract skilled developer communities, organize hackathons, and disseminate Web3's potential to businesses and developers across various domains, while also decentralizing and empowering the zbyte community.In tandem with the funding, zbyte has announced the launch of its mainnet, a fully developed and deployed blockchain protocol. This mainnet offers Web2 developers the capability to craft decentralized applications (dApps) utilizing a low-code and no-code module approach. The strategic investment drew praise from Cartography Capital's Dan Quintero, who highlighted zbyte's vision of making Web3 accessible and simplifying the development process. This raise solidifies zbyte's position as a key player in driving Web3 adoption and furthers their objectives in democratizing the Web3 landscape.

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zbyte Raises $5M to Propel Web3 Adoption in Businesses
Posted by Editorial Desk on January 19, 2024 at 12:03 pm
Web3 startup, zbyte, has successfully secured $4 million (INR 33.2 crore) as part of a strategic funding round from investors, including Cartography Capital and Quarterback Financial. Additionally, the company received an added commitment of $1 million. The fresh capital injection is earmarked to support aggressive hiring, expedite product development, and to showcase the novel platform’s use cases. Furthermore, zbyte plans to utilize the funding to accelerate its roadmap, attract skilled developer communities, organize hackathons, and disseminate Web3’s potential to businesses and developers across various domains, while also decentralizing and empowering the zbyte community.
In tandem with the funding, zbyte has announced the launch of its mainnet, a fully developed and deployed blockchain protocol. This mainnet offers Web2 developers the capability to craft decentralized applications (dApps) utilizing a low-code and no-code module approach. The strategic investment drew praise from Cartography Capital’s Dan Quintero, who highlighted zbyte’s vision of making Web3 accessible and simplifying the development process. This raise solidifies zbyte’s position as a key player in driving Web3 adoption and furthers their objectives in democratizing the Web3 landscape.
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