QANplatform has raised $2.1 million in seed and private funding to build the most robust and feature-rich Quantum-resistant hybrid blockchain platform that relies on the PoR protocol.
Notable venture capital and investment funds participated in the round, led by Fairum Ventures, DeltaHub Capital, Insignius Capital and BlackDragon.
QANplatform is the latest crypto startup to secure a six-figure financing as the sector is gaining renewed appetite from blockchain focused funds to further capitalize on rampant excitement in the crypto world.
QANplatform is building a new blockchain protocol where most industrial and business applications are going to be written in the future. The startup will use the fresh capital injection to boost its product development, marketing and liquidity providing on exchanges.
Commenting on the news, Max Mucko, Partner at BlackDragon, said:
"We are glad to contribute in this investment round and support QANplatform’s future growth. We see a lot of potentials not only because of the quantum-resistant cybersecurity but also for QAN’s other IPs like Proof-of-Randomness (PoR) consensus algorithm, rapid cloud platform deployment, or the upcoming multi-language smart contract development feature."
Johann Polecsak, co-founder and CTO of QANplatform, added:
"Our key mission is to lower the entry barriers for developers so startups and enterprises can build their Proofs-of-Concept (PoC) and Minimum Viable Product (MVP) as fast as possible to reach mass adoption. We stick to this view and let only community-driven VCs invest in this strategic pool."
QANplatform Sets May 21 for Uniswap Listing
QANplatform was created as a quantum-proof, energy-efficient and fast platform that relies on a new protocol: the Proof-of randomness (PoR). It offers unique features for users of its blockchain as they can develop smart contracts in major programming languages. Further, they can build their software applications like dApps or DeFi and run business processes on blockchain in 5 minutes.
Following the successful funding round, the next milestone in QANplatform’s roadmap is the listing on Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain.
QANplatform said Uniswap’s automated liquidity protocol is highly efficient, which is one of the reasons it selected the exchange as one of platforms through which their tokens will be available to the public. The blockchain’s native token is to be released on Uniswap on May 21.
QAN blockchain also powers StarColl, an NFT marketplace, which has recently released 800 special edition Star Wars NFTs, launching a new era of Star Wars Memorabilia.
Elsewhere, QANplatform has announced an integration with Chainlink, which allows QAN developers to create more complicated smart contract designs that use resources external to the QAN blockchain platform.