Moondance Labs Secures $6 Million in Strategic Round Co-Led by SNZ Capital, KR1, and Scytale Digital to Accelerate Tanssi Protocol Development
Updated: Feb 7, 2025
TL;DR:
Moondance Labs raised $6M in a strategic round to expand its appchain infrastructure protocol.
The 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, along with angel investors like Gavin Wood, among others.
The raised funds will be used for team growth and the development of the Tanssi appchain infrastructure protocol.
Moondance Labs also pre-announces an upcoming Incentivized Testnet Campaign.
Past backers of the Tanssi Network include HashKey, Fenbushi, C2 Ventures, D1 Ventures, and JSquare.
Tortola, BVI – March 21, 2024. Moondance Labs, the team developing the Tanssi appchain infrastructure protocol, has successfully raised $6 million (at 45M USD FDV) in a strategic funding round. The round was co-led by venture capital firm Scytale Digital, KR1, and SNZ Capital with participation from an array of significant investors in the blockchain space, such as Arrington Capital, Borderless Capital, Wormholecrypto Cross-Chain Fund, Hypersphere, and Blockchain Founders Fund, among others.
The funds are allocated for expanding the Moondance Labs team and boosting the development of the Tanssi protocol, which is designed to streamline and expedite appchain deployments. It equips developers with the infrastructural tools necessary for rapid and efficient chain launches.
Tanssi Reinvents Appchain in Deployment: From Months to Minutes
Tanssi fast-tracks appchain deployment times from months to minutes through its modular infrastructure protocol. This builder-centric platform comes equipped with essential as-a-service tools like block production, wallets, reliable data, oracles, and cross-chain connectivity.
The tenfold increase in appchains in recent years underscores their potential for customizability and flexibility. Yet, technical and cost hurdles have historically hindered progress. By removing these infrastructural obstacles, Tanssi enables swift and efficient launches of appchains for uses such as NFTs, DeFi, gaming, real estate, and green energy with just a few clicks. The graphic below shows the projects in the Tanssi ecosystem:
Milestones Ahead of Tanssi's Strategic Funding Success
Significant milestones led the team to now successfully complete a strategic round:
Following the strategic round's closure, Tanssi gears up for an exciting phase: the rollout of an incentivized testnet campaign, paving the way for the network's official launch.
Up Next: Tanssi’s Incentivized Testnet Campaign
Moondance Labs is thrilled to announce the upcoming Incentivized Testnet Campaign, aimed at celebrating and rewarding the Tanssi community and ecosystem. The campaign will offer a mix of on-chain and off-chain challenges across three tracks: Tanssians (general users), Builders (ecosystem projects), and Block Producers, along with a substantial rewards pool for active participants. It’s our way of expressing gratitude, ensuring participation is rewarding, and driving our collective growth.
Open Call: Ecosystem Projects, Join the Builders Track Today
The Builders Track gets the largest portion of the rewards pool to reward top-performing appchains based on their use activity and interaction.
Additionally, Builders Track participants have the opportunity to launch on-chain quests in the Tanssians Track, attracting new users, stimulating vibrant activity, and boosting engagement with their dApps.
Here’s the best part: applications for the Tanssi Builders Track are NOW OPEN. To seize this opportunity, fill out this application form.
Stay informed about campaign details and participation by joining Tanssi’s communities and subscribing to our email newsletter.
About the Tanssi Network
Tanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. By connecting a chain to Tanssi, it is instantly transformed into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC endpoints, indexers, oracles, and more. As a result, appchains can be deployed in just minutes—a significant improvement over the typical months-long process. Learn more at tanssi.network.
It's exciting to see Moondance Labs secure $6 million in funding to enhance the Tanssi protocol! The potential to reduce appchain deployment from months to mere minutes is a game changer. As someone who enjoys exploring innovative platforms, I can't wait to see how Tanssi evolves, especially with the upcoming incentivized testnet campaign. Meanwhile, if you're looking for a fun distraction, you might enjoy Scooby Doo Creepy Run for some engaging gameplay while we await further updates on Tanssi's progress!
Congrats on the $6M strategic round! It’s interesting to see the project gaining support for its next stage of growth. I often listen to updates like this with an article reader.
Congrats on closing the $6M strategic round — that’s a big step toward scaling your product and team. For planning capacity and avoiding bottlenecks as you grow, the guide Top 15 Capacity Planning Tools for Your Business is a solid, practical roundup to share with your CTO or ops leads. Worth a look while you set up processes for the next phase.
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