Talk about next-level fundraising; blockchain infrastructure provider InfStones raised many eyebrows by raising $66 million in a new funding round that was led by GGV and SoftBank Vision Fund 2. This shocking news came only three months after InfStones managed to raise $33 million. This means that the company brought home more than $100 million dollars in funding, and if that isn’t impressive, then nothing is! There were other participants in the funding round as well like INCE Capital, 10T Fund, SNZ Holding, and, last but not the least, A&T fund.
So, if you are interested in learning more then keep on reading. Here are all of the details about this blockchain infrastructure.
What Is A Blockchain Infrastructure?
Well, to put it simply, blockchain infrastructure is a platform, which provides services that allow the developers to access amenities while developing the code to build the foundation on, to create a platform to use it with, metrics and analysis, and much more.
High Dream And High Hopes
According to a press release shared by CoinDesk, InfStones plans on using this funding to expand. It plans to grow the team, and develop and launch its own blockchain infrastructure solutions. It also hopes to make its way into new markets that can open doors to new opportunities that can help connect with potential partnerships and acquisitions.
What Is InfStones?
InfStones is a blockchain infrastructure that provides its clients with Amazon Web Services like node management platform and application programming interface for the Web3 developers. It also provides access to proof-of-stake staking benefits and protocol consensus. That is not all, it provides the ability to use validator nodes, build multi-chain decentralized applications, and access on-chain data. The company supports nodes on Cardano, Chainlink, Polygon, Polkadot, Solana, and BNB Chain.
A Bright Future Ahead
The CEO of InfStones, Dr. Zhenwu Shi, spoke with CoinDesk and mentioned that the company has been profitable since 2018. He explained that the company provides the foundational infrastructure layer for the Web3 developers and offers enterprise-grade node management, which makes it simpler for the clients to participate in Web3. The unique staking platform is also a fan favorite.
InfaStones’s Competitors Are No Less.
InfStones’s competitors are not holding back either! They also provide AWS-like services for Web3, which has led to a number of investors putting in their bets on the competitors as well like Blockdaemon, which managed to raise $207 million in January while being valued at $3.25 billion, and Alchemy garnering that raised $200 million and is valued at $10 billion.
If you don’t understand much of what’s written then you need to start studying because this is the future of the world.