March 21, 2024
Moondance Labs, the team behind the Tanssi appchain infrastructure protocol, has raised $6 million in a strategic funding round. This round was co-led by KR1, SNZ Capital, and Scytale Digital, with participation from Arrington Capital, Borderless Capital, Wormholecrypto Cross-Chain Fund, Hypersphere, and Blockchain Founders Fund, among others.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Tanssi Network | $6M | Mar 21, 2024 | Seed | $9M | Infrastructure |
The funds will be used to expand the Moondance Labs team and further develop the Tanssi protocol. Tanssi aims to streamline and expedite appchain deployments, providing developers with the necessary tools for rapid and efficient chain launches.
Through its modular infrastructure, the Tanssi protocol reduces the deployment time for appchains from months to minutes. This platform offers essential services like block production, wallets, reliable data, oracles, and cross-chain connectivity. By addressing technical and cost challenges, Tanssi facilitates the launch of appchains for various uses, including NFTs, DeFi, gaming, real estate, and green energy.
Following this funding round, Moondance Labs plans to launch an incentivized testnet campaign. This campaign will reward the Tanssi community and ecosystem through a mix of on-chain and off-chain challenges. The campaign will feature three tracks: Tanssians (general users), Builders (ecosystem projects), and Block Producers, with a substantial rewards pool for active participants.
About Tanssi Network
Tanssi Network's appchain infrastructure protocol simplifies and accelerates the deployment of appchains. Connecting a chain to Tanssi transforms it into a modular appchain, providing access to a developer-friendly and permissionless environment. Key features include a shared and decentralized network of block producers and seamless integrations with tools like bridges, wallets, block explorers, RPC endpoints, indexers, and oracles. This allows for appchains to be deployed in minutes, significantly reducing the typical deployment time.
Website: https://www.tanssi.network/
X Account: https://x.com/TanssiNetwork
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About Investor
Investor: KR1, Scytale Digital, and SNZ Holding
The lead investors in Tanssi Network's $6 million seed funding round are KR1, Scytale Digital, and SNZ Holding. These firms are known for supporting tech startups and bring substantial industry expertise to the table. Their involvement underscores their confidence in Tanssi Network's vision and potential within the blockchain and developer tools ecosystem.
Location: United States
Website: KR1, Scytale Digital, and SNZ Holding
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