June 21, 2024
Decent Land Labs has successfully raised $3 million in capital to advance the growth of WeaveVM, an autonomous layer 1 blockchain that tackles the storage issue of the Ethereum Virtual Machine (EVM). The goal of this platform is to merge EVM compatibility with Arweave's expandable storage, providing enduring data storage and comprehensive interoperability for developers on both the EVM and Arweave blockchains.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Decent Land Labs | $3M | June 21, 2024 | Strategic Round | Layer 1 |
Investors in this round encompass Foresight Ventures, LD Capital, Big Brain Holdings, and Longhash Ventures, along with angel investments from partners at Web3.com Ventures. The capital will be used to enhance the project’s EVM expertise, incentivize the ecosystem, and accelerate its growth.
Benjamin Brandall, the co-founder and CEO of Decent Land Labs, stated that while EVM is the benchmark for computation, it lacks a hard drive. He pointed out that storage remains an unresolved issue in the EVM landscape, costing thousands of dollars per megabyte and is maintained by a few non-incentivized archival nodes. He believes that eliminating this obstacle will unlock numerous new opportunities for fully on-chain game finance, social finance, and real-world integrations.
About Decent Land Labs
Decent Land Labs is a Sovereign Layer 1 Blockchain Development company. Their primary product is WeaveVM, a hyperscalable Ethereum Virtual Machine (EVM) network built on Arweave’s permanent storage chain. They also offer other services like the Molecular Execution Machine for serverless functions, Namespace for deploying custom name services, and the Ark Protocol, an all-in-one web3 identity layer.
The company believes in radical composability for web3, envisioning a future where data is easily accessible, sampleable, and remixable to power permanent applications without sacrificing user experience. They aim to break down siloes between chains, dApps, and protocols, moving away from the walled garden approach of web2 models.
Website: https://www.decent.land/
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About Investor
Investors in this round encompass Foresight Ventures, LD Capital, Big Brain Holdings, and Longhash Ventures, along with angel investments from partners at Web3.com Ventures.
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