Blockchain development company, Bloctopus (formerly known as LZero), successfully secures a $1 million pre-seed funding round, aiming to revolutionize the blockchain sector.

Blockchain development company, Bloctopus (formerly known as LZero), successfully secures a $1 million pre-seed funding round, aiming to revolutionize the blockchain sector.

Bloctopus Raises $1 Million Pre-Seed Investment to Simplify Blockchain Development

Bloctopus, a groundbreaking developer tool that creates on-demand blockchain sandboxes, has announced a successful $1 million pre-seed investment round. This funding will be used to accelerate the growth of the platform's capabilities, offering, and customer base.

The platform, which offers a testnet-as-a-service platform, aims to eliminate DevOps overhead and make cross-chain development seamless. Bloctopus provides highly realistic, scalable, and configurable test environments, enabling developers to create isolated blockchain networks that simulate real mainnet conditions.

Key features of Bloctopus include support for over 200 blockchains, handling complexity from 100+ protocol parameters, incorporation of 1000+ external tools and services, compatibility with 100+ token standards across various blockchains, cloud-based simulation capable of running thousands of nodes and transactions, and node-level configuration, monitoring, and enterprise-grade security.

Til Jordan, co-founder and CTO of Bloctopus, expressed his delight about the investment, stating, "We're delighted to announce this initial investment round. Our core technology has been developed over the last few years, and we're looking forward to rapidly growing our capabilities, offering, and customer base."

The funding round was led by Hivemind Capital, with participation from Techstars, IronKey Capital, and angel investors including founders from Brevan Howard, Quantstamp, Cred Protocol, Nexus Network, and Airside Labs.

Bloctopus has already gained significant traction since its launch, with its technology rated the #1 web3 product on Product Hunt and attention from the blockchain developer community. The platform has successfully completed both the Techstars accelerator program and the our website, and has collaborated with industry-leading entities such as the Ethereum Foundation, LayerZero, Kurtosis, Offchain Labs, Coreum, and SSV Network.

To learn more about Bloctopus and its offerings, follow them at @0xBloctopus. For partnerships or inquiries, contact Anisha Goel, co-founder of Bloctopus, at [email protected]. To book an informal call or meeting with the team, click here.

[1] Source: Bloctopus Official Website

1. The $1 million pre-seed investment in Bloctopus will be utilized to accelerate the platform's growth, enhancing its capabilities, offerings, and customer base.
2. Bloctopus, a testnet-as-a-service platform, aims to simplify cross-chain development by eliminating DevOps overhead and offering highly realistic, scalable, and configurable test environments.
3. The funding round was led by Hivemind Capital, with additional investment from Techstars, IronKey Capital, and angel investors including founders from Brevan Howard, Quantstamp, Cred Protocol, Nexus Network, and Airside Labs.
4. Bloctopus has garnered significant traction since its launch, earning the title of the #1 web3 product on Product Hunt and attracting the attention of the blockchain developer community.
5. Bloctopus has collaborated with several industry-leading entities, such as the Ethereum Foundation, LayerZero, Kurtosis, Offchain Labs, Coreum, and SSV Network, to further develop its technology and network.

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