zbyte Launches Mainnet with $5 Million Backing Jan 18, 2024 Jan 18, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 18, 2024 by Kelly Cromley

zbyte Launches Mainnet with $5 Million Backing

In a significant stride towards bridging the gap between Web2.0 and Web3.0 technologies, zbyte, a Web3.0 infrastructure platform, has officially announced the launch of its mainnet. This strategic move is bolstered by a capital raise of four million dollars, with an additional commitment of one million dollars from esteemed investors such as Cartography Capital and Quarterback Financial.


Capital Raise Fuels Mainnet Launch


The mainnet unveiling is underpinned by a substantial four million dollar capital injection, further reinforced by an additional commitment of one million dollars from notable investors. Cartography Capital and Quarterback Financial are among the investors championing zbyte’s foray into the Web3.0 landscape.


zbyte Mainnet Facilitates Seamless dApp Development


According to an official release, the zbyte mainnet introduces a groundbreaking low-code, no-code module. This innovative feature enables Web2.0 developers to seamlessly venture into the creation of decentralized applications (dApps) without the need for extensive re-skilling. The platform aims to serve as a catalyst for dApp development across public blockchains, ushering in a new era of accessibility and ease.


India Entry Through Campus Chain Program

zbyte’s Vision for India’s Blockchain Landscape

In a strategic move, zbyte plans to extend its reach to India through its campus chain program in collaboration with universities. The team has reportedly organized hackathons in India, fostering an environment for the development of dApps. The initiative seeks to leverage India’s talent pool and technological prowess to expand the footprint of zbyte in the region.

zbyte Co-Founder’s Vision for Mainnet Impact

Krish Kupathil, co-founder of zbyte, expressed confidence in the transformative potential of their mainnet. “Our mainnet is designed to empower developers, bringing Web2.0 ease and familiarity to the Web3.0 environment,” he stated. Kupathil anticipates that this approach will expedite the adoption of blockchain technology. He further highlighted the impact of the fund raise in accelerating zbyte’s roadmap, focusing on onboarding developer communities, organizing hackathons, and decentralizing and empowering the zbyte community.


Strategic Roadmap for Web3.0 Integration

With the mainnet launch, zbyte aims to propel Web3.0 into businesses and diverse domains. Leveraging the power of the zbyte platform, the goal is to decentralize and empower communities across various use cases. Kupathil envisions a future where the ease and familiarity of Web2.0 seamlessly intertwine with the innovative landscape of Web3.0, creating a dynamic ecosystem for businesses and developers.

In conclusion, zbyte’s mainnet launch stands as a testament to its commitment to revolutionizing the transition from Web2.0 to Web3.0. With a substantial financial backing, innovative modules, and strategic initiatives in India, zbyte aims to play a pivotal role in shaping the future of decentralized application development and blockchain technology adoption.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.