Decentology Secures $ 4.3 Million to Build Future of Decentralized Applications on the Hyperverse
MOUNTAIN VIEW, CALIFORNIA., 20 October 2021 / PRNewswire / – Decentology, a fast growing blockchain startup, today announced its intention to create the Hyperverse, a decentralized, open and independent blockchain marketplace for composable smart contracts, after $ 4.3 million in seed funding. The company is backed by top crypto investors including Dapper Labs, Borderless Capital, Good News Ventures, Berezka DAO, Synaps, Animal Ventures, and Kosmos Capital.
In addition, Decentology announced its plans to transition to a Decentralized Autonomous Organization (DAO) that will use a community governance model to manage the future growth and development of the hypervers.
“We have a bold vision to extend our innovative solutions for smart contract development, discoverability, monetization and security with the Hyperverse as we embark the next 10 million Web 2.0 developers to Web 3.0 with the support of our community, ”said Nik kalyani, co-founder and CEO of Decentology.
The Hyperverse uses ‘composability’, which allows smart contracts already deployed in a blockchain to interact with each other. Decentology has built a standard set of interfaces that allow developers to easily compose new applications by connecting existing “smart modules” which are single-use smart contracts. This makes decentralized application development easier, faster and more cost effective.
“We have long believed that composability between dapps will be the multiplier effect for innovation to compose at a rate never seen before. It’s very exciting to see amazing apps on Flow like the Hyperverse bring a new wave. of mainstream developers in our space thanks to a new incentive model, ”said Mickey maher, Senior Vice President of Partnerships at Dapper Labs.
Additionally, the Hyperverse introduces an innovative transaction-based monetization model for developers, similar to models used by cloud providers such as Microsoft Azure and Amazon AWS.
“Decentology’s new method to introduce monetization for decentralized application developers, we believe it is a game-changer for blockchain adoption and are confident that they are poised to win,” said Marat Mukhamedyarov, founding partner of Good News Ventures.
The marketplace will also leverage qualified auditors from the Decentology community to audit “smart modules” indicating their confidence in the security of the module by staking tokens.
“Staking by auditors to communicate confidence in open source code is a new approach to security,” said Kalyani. “It adds an assurance layer that signals modules customers can trust.”
“The composability of smart contract functionality as well as decentralized security auditing is the next frontier in blockchain development. We are delighted to welcome the Hyperverse platform to the Algorand ecosystem,” said David Garcia, CEO and Managing Partner of Borderless Capital.
Decentology has already developed the Hyperverse architecture in collaboration with its community. He plans to use the seed money to add the Flow, Algorand and Ethereum blockchains to the Hyperverse. Additional channels will be added following a future token sale.
For more information, please see “Compose the hyperverse. “
Decentology is the innovative company behind Hyperverse, the open and composable smart contract marketplace that makes it easy for developers to discover, build and monetize web3 applications. Hyperverse is the evolution of DappStarter, Decentology’s code-agnostic generation platform for web2 developers. Founded in 2019 at Mountain View, California, the company employs a global team whose mission is to bring the top 10 million developers into web3. To fulfill its mission, Decentology partners with some of the industry’s leading blockchains, such as Flow, Algorand, Avalanche and Conflux. Learn more about decentology at: www.decentology.com
Sonya trivedi | PR & Marketing Manager at Decentology | firstname.lastname@example.org