- CoinOS is a free-to-use blockchain developed by a group that also helped create the Steem blockchain.
- Koinos Group said the Blockchain Founders Fund led the seed round, which also saw participation from blockchain gaming platform Splinterlands.
- Koinos will use the funds to build Koinos Pro, a software product set to help developers build scalable decentralized applications.
latest in cryptocurrency newsKoinos Group, the developer of the free-to-use blockchain Koinos, has announced a $500,000 seed round.
Blockchain Founders Fund leads CoinOS seed round
according to a Press release coinjournal received on Thursday, Singapore-based early stage industry-focused venture fund, Blockchain Founders Fund, led the seed round. The round also saw participation from blockchain gaming firm Splinterlands.
,The Blockchain Founders Fund is demonstrating leadership across the board by funding a company whose entire business model is based on supporting a truly decentralized platform, as opposed to a decentralized platform in name alone.said Andrew Levin, CEO of Koinos Group.
Koinos Group will use the funds to develop Koinos Pro, a subscription product that allows developers to release highly scalable decentralized applications (dapps, one in Tweet On Thursday, the platform said that CoinOS Pro is a software that will help completely remove the entry barriers to the dApp ecosystem.
We are excited to announce the closing of a $500k seed round consisting of investment from @blockchainff And @splinterlands, this will allow us to build #KoinosPRO, Software to empower developers with no barriers to entry! https://t.co/tWzmL4A93D
— The KoinosGroup 🔮 (@TheKoinosGroup) January 19, 2023
Already, Koinos allows blockchain developers to build and launch free-to-use dApps in any programming language, meaning users can access high-performance apps as easily as Currently within the Web2 ecosystem.
Founded in 2020, the Koinos Group is a project overseen by a number of blockchain veterans – including a core developer group of the Steem blockchain.
The funding round comes just two months after the Koinos mainnet went live, notably without the initial coin offering (ICO), pre-mine or airdrops and the like involving insiders. Koinos’ “deemed” system enables people without the original KOIN tokens to still access the blockchain.