Moondance Labs Secures $3M Seed Funding for Tanssi Network Led by Arrington Capital
Updated: Oct 31
Tanssi Aims to Bridge the Gap Between Developers and the Appchain Development Ecosystem With Its Infrastructure Protocol
Tortola, BVI – May 23, 2023 – Moondance Labs, the company developing the Tanssi appchain infrastructure protocol, is excited to announce the successful completion of a $3 million seed funding round. The round was led by Arrington Capital, a leading digital asset management firm primarily focused on blockchain-based capital markets, with participation from noted investors, including Borderless Capital, Fenbushi, HashKey Capital, D1 Ventures, Hypersphere, C² Ventures, and Jsquare.
"Crypto continues to mature, yet infrastructure challenges persist, particularly when it comes to frictionless building and launching scalable, user-friendly applications," says Michael Arrington, partner at Arrington Capital. "What excites us about Tanssi is its unique approach to these challenges. By equipping developers with rapid deployment tools, Tanssi effectively eliminates barriers that often hinder early-stage development, enabling faster iteration and customer growth. Tanssi's vision of a future where developers focus more on innovation and less on infrastructure aligns perfectly with ours."
The funds will be directed towards fueling the development of the Tanssi network, an appchain infrastructure protocol that offers permissionless infrastructure tools and services, making appchain deployment secure, efficient, and developer-friendly. Additionally, the Tanssi protocol benefits from the added advantages of shared security and native interoperability from the Polkadot relay chain.
"The rising demand for appchains in the web3 space is undeniable, driven largely by the customization and sovereignty they offer developers. However, the burden of infrastructure responsibilities teams currently have to incur is far too high," says Francisco Agosti, Founder of Tanssi and CEO of Moondance Labs. "Tanssi is set to redefine appchain deployment for developers. We are introducing a permissionless orchestration protocol that abstracts away the complexities traditionally associated with building chains."
Tanssi’s appchain infrastructure protocol eliminates the lengthy and complex process of traditional blockchain implementation. Instead, developers can leverage Tanssi's dev-friendly and permissionless infrastructure tools and resources to deploy appchains quickly and effortlessly.
"Polkadot's aim is to provide secure and composable blockspace as a resource for applications through all stages of growth and scalability. Tanssi is an exciting enabler of experimentation, as it leverages core protocol features to help bootstrapped products plug into decentralized trust and enables them to go from idea to product with minimal friction," says Robert Habermeier, Polkadot Co-founder.
The Tanssi protocol is currently being developed by the Moondance Labs team, a group teeming with seasoned professionals from the blockchain industry. Leading the team is Francisco Agosti, who played a key role in the development of Moonbeam's ecosystem. Working alongside him are Gorka Irazoqui and Katherine Quilca, who were integral to Moonbeam's expansion. Gorka championed numerous critical XCM initiatives, while Katherine led significant efforts to expand the Moonbeam community. As original contributors to the Moonbeam project, they're now applying their collective experience to the Tanssi Network, addressing a critical issue to broaden the Polkadot ecosystem to a wider group of developers.
Prominent projects within the Web3 space have joined Tanssi’s early ecosystem:
RMRK, an NFT protocol that offers creators a vast array of building blocks for extensive customization, such as nestable and multi-resource NFTs.
Kawa, a native cross-chain lending and borrowing protocol.
Zenlink, a cross-chain DEX protocol that will provide an AMM module for DeFi builders to use on Tanssi.
"Tanssi will allow the RMRK team to get the best of all worlds. It simplifies the process of launching an appchain, opening up the door to an interoperable and secure ecosystem built on the strength of Polkadot. Moreover, Tanssi facilitates the launch of a chain that parallels the features of the Ethereum mainnet, giving us trustless connectivity and message passing to other chains. Perhaps the most significant aspect is the customizability of Substrate, allowing for forkless upgrades and rapid experimentation with new reputation-based governance models, accounts abstraction, and feeless TX structures. These are all critical elements in creating a chain that's easy to use, bot-resistant, and governed fairly, designed for the first billion users," says Bruno Škvorc, RMRK Founder
Looking forward, Moondance Labs has key milestones on the horizon for Tanssi. The Test Network launch is anticipated later this year, with the mainnet set to go live by 2024.
"Tanssi tackles a significant challenge in the appchain development ecosystem — the time required for deployment. In the past, getting a parachain up and running was both costly and labor-intensive. But Tanssi's support for parachains, along with the use of its collator set and other critical infrastructure tools and services, will drastically accelerate the deployment process for developers,” says Tamara Frankel, partner at D1 Ventures.
To attract more high-profile projects to the Tanssi network, Moondance Labs is introducing the Tanssi Ecosystem Pioneers program. This initiative aims to cultivate a vibrant community of builders and enhance their interaction with the Tanssi protocol. Sign up here to be among the first to learn more about the Tanssi Ecosystem Pioneers Program.
For more information and updates, visit the Tanssi website at tanssi.network/.
About the Tanssi Network
Currently under development, Tanssi is an appchain infrastructure protocol that simplifies appchain deployment, making it secure, efficient, and easy while eliminating the lengthy and complex process of traditional blockchain implementation. Tanssi's permissionless and dev-friendly protocol provides developers with infrastructure tools and services to deploy appchains quickly and effortlessly. Additionally, the Tanssi protocol benefits from the shared security and native interoperability of the Polkadot relay chain. With a focus on practicality and efficiency, Tanssi accelerates the path from concept to deployment for developers. Learn more at tanssi.network.