Wednesday, May 29, 2024 – Chainstack, the blockchain infrastructure provider, secured an investment of $6 million from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures, a media announcement dated May 16, 2024 said. 1
The co-product offerings, client usability, and automation will be regarded as aspired sections to enhance with the investment, notably positioning Chainstack among the top three Web3 infrastructure providers.
The infrastructure of Chainstack is comprised of the collaboration of 25 public blockchains, four appchain frameworks, and consortium protocols.
Added to that are partnerships with all prominent cloud providers, which would provide sizeable offerings for over 100,000 web3 developers, securing their project requirements.
These diversified options would shape the innovative blockchain experience for both Chainstack clients and developers.
“Moreover, we anticipate a significant shift in the blockchain infrastructure market towards commoditization, which we believe will lead to better price performance and enhanced accessibility, greatly benefiting users and developers alike,” CEO of Chainstack, Jan-Jaap Jager, stated. 1
“Service and the industry standards for performance, reliability, low cost, superior service, and supporting the development would be the rest of the units to be developed using the investment, shifting to a new chapter of inventive blockchain platforms.
The new investment is expected to improve Chainstack’s performance, delivering a user-friendly landscape to redefine its operations to the next level.
- chainstack.com: https://chainstack.com/chainstack-secures-strategic-investment/ [↩][↩]
