May 4, 2024
Crestal, an emerging player in the Web3 space, has successfully closed its pre-seed funding round, raising $2 million. This round was notably oversubscribed, featuring a mix of institutional investors and high-profile angels who support Crestal’s mission to streamline Web3 infrastructure development through modular services.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Crestal | May 4, 2024 | $2M | Pre Seed | $2M | Various Notable Investors | Blockchain, DeFi, Web3 |
Crestal operates a decentralized platform that tailors Web3 project needs with a modular services architecture. It is designed, deployed, and maintained by independent expert teams, focusing on efficiency and adaptability.
The $2 million raised will be utilized to accelerate the development of Crestal's Testnet, scale the team, and enhance community engagement. This funding signifies strong market confidence in Crestal's innovative approach to Web3 infrastructure.
Modular Services Architecture provides tailored solutions that adapt to the dynamic requirements of Web3 projects. By breaking down services into customizable components, projects can easily integrate and scale functionalities as needed, fostering flexibility and agility in their development process.
Proof of Performance (PoP) Consensus ensures high-quality service delivery and promotes ongoing enhancement by expert teams. Through this consensus mechanism, service providers are incentivized to maintain accountability and transparency, driving continuous improvement to meet the evolving demands of the Web3 ecosystem.
With its innovative platform, Crestal is set to redefine how DApps address challenges in data accessibility and beyond, bringing a new dimension of modularity to the Web3 landscape. This investment underscores the industry's recognition of the need for adaptable and efficient blockchain solutions.
About Crestal
Crestal’s decentralized platform is pioneering the integration of modular service architectures into Web3, ensuring high-quality applications are efficiently run across various blockchains. Their focus on transparent incentives and performance optimization positions them as a significant innovator in the blockchain sector.
Website: https://www.crestal.network/
X Account: @crestalnetwork
X Followers today: 8,170
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