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  • Writer's pictureMoondance Labs Team

Moondance Labs Secures $6 Million in Strategic Round Co-Led by SNZ Capital, KR1, and Scytale Digital to Accelerate Tanssi Protocol Development

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 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:



Tanssi Network | Ecosystem of web3 projects deploying appchains with Tanssi
Tanssi Ecosystem


Milestones Ahead of Tanssi's Strategic Funding Success

Significant milestones led the team to now successfully complete a strategic round:


Tanssi Network | Timeline of milestones of the appchain infrastructure protocol
Tanssi Milestones Timeline

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.

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hamidawan358
27 मार्च

Nice

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