Blockchain Startup Raised $18.2 Million in Series Funding | Valuqocapital

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On Tuesday, the blockchain firm Shardeum revealed that it had raised $18.2 million in seed Startup Funding investment banks in delhi. Additionally present were strategic investors including CoinGecko Ventures, Wemade, and ZebPay. The money will go toward product and design development, marketing, and research. With each new node added to the network, the blockchain's dynamic state-sharding mechanism allows for an increase in the number of transactions per second. The division of a network into several parts to carry out transactions is known as sharding. The network becomes faster. It's challenging to resolve the Blockchain trilemma, andadaptability is the most influential factor preventing wider crypto acceptance in emerging markets such as India. If Web3 is to ascend to 1 billion users in the next few years, we need a flexible L1 blockchain that guarantees 1 billion fees while trying to maintain decentralization. Shardeum intends to achieve this. Shardeum works with the Ethereum Virtual Machine, a software platform that enables users to create VC Funding investment banks delhi decentralized applications on the Ethereum blockchain.

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