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Bundlr Network Raises a $5.2 Million Seed Round to Build an Easier, Faster Way to Store Data on Web3

Mat Goldman by Mat Goldman
May 4, 2022
in Solana
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Bundlr Network Raises a $5.2 Million Seed Round to Build an Easier, Faster Way to Store Data on Web3
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Bundlr is constructing the way forward for knowledge storage by bringing the velocity and ease of web2 to web3. As we speak, most knowledge is saved on centralized servers which are owned by a singular entity which presents many safety and manipulation dangers. Bundlr solves this by providing a quick, multichain answer for customers to retailer on Arweave, the one everlasting and decentralized knowledge storage platform that makes it close to impossible to alter, censor, or hack data.

Bundlr permits the consumer to have on the spot entry to their knowledge and is suitable with main blockchains together with Ethereum, Solana, and Avalanche, permitting customers to pay for knowledge uploads in any main token. As we speak, Bundlr is answerable for processing over 90% of all knowledge uploaded to Arweave.

“Bundlr is bringing velocity and ease to web3 expertise,” stated CEO and founder Josh Benaron. “Arweave guarantees to retailer your knowledge securely for over 200 years. We’re making this future doable by enabling sooner and simpler entry by anybody, anyplace.”

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Decentralized, everlasting storage is particularly vital for the NFTs ecosystem. Opposite to fashionable perception, NFT’s digital property, metadata, and code are often saved on centralized servers or non-permanent decentralized options, leaving the NFT susceptible to being misplaced, hacked or stolen. This can be a large threat for creators and builders. Main marketplaces reminiscent of SolSea use Bundlr to make sure safe, long-term storage for NFTs.

The capital raised on this spherical will go in direction of scaling its staff particularly in enterprise growth, Rust builders, and advertising initiatives.

About Bundlr Community

Bundlr is a decentralized platform that makes it quick and simple to retailer knowledge on web3. It’s a dependable, multichain answer that allows quick access to Arweave. Bundlr is answerable for processing over 90% of all knowledge uploaded on Arweave and will increase add speeds by ~3000%. Bundlr is built-in on most platforms and is multi-chain suitable together with Ethereum, Solana, and Avalanche.

To be taught extra about Bundlr, go to its website. For updates, observe Bundlr on Twitter.

SOURCE Bundlr Community





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