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Blockless - Seed
Overview
Funding Date
May 20, 2024
Financing amount
$5M
Valuation
--
Catagory
Subcategory
About Blockless - Seed
Blockless raised $5 million in seed round co-led by M31 Capital and Frachtis (a new fund formed by Xavier Meegan, chief investment officer of staking firm Chorus One). Other investors included No Limit Holdings, MH Ventures, Interop Ventures and Plassa Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | -- | 4 | contact@m31.capital | ||
| Fund | Unknown | -- | 2 | -- | ||
| Corporate | Unknown | -- | 20 | -- | ||
| Fund | Unknown | -- | 65 | -- | ||
| Fund | France | 2022 | 9 | contact@interop.ventures | ||
| Fund | United States of America | 2021 | 7 | -- |
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.