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Blockless - Pre-Seed
Overview
Funding Date
May 20, 2024
Financing amount
$3M
Valuation
--
Catagory
Subcategory
About Blockless - Pre-Seed
Blockless raised $3 million in pre-seed round led by NGC Ventures. The round was structured as a simple agreement for future equity (SAFE), with token warrants in a 1:1 ratio.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Singapore | 2017 | 195 | andrea@ngc.fund |
Founders & Team
Derek Anderson
Michael Chen
Liam Zhang
Butian Li
Company Profile / Project Introduction
Blockless is the infrastructure platform to launch, integrate, and secure Network Neutral Applications (nnApps) — the next generation of decentralized applications compatible with all blockchain networks, but free from their limitations.
What is a nnApp?
nnApps are decentralized applications that work across any L1/L2 blockchain network without being constrained by any particular blockchain's limitations such as latency, cost, and smart contract capabilities. They leverage a new modular application architecture that we've built to improve security and performance. Our dynamic consensus mechanism forms part of this, allowing for applications to select the most efficient consensus and/or verification algorithms for each and every workload, which was previously impossible.