zbyte Secures $5 Million Funding, Launches Mainnet to Revolutionize Web3 Development
zbyte, the premium Web3 infrastructure platform, proudly announces the launch of its mainnet. This milestone achievement is backed by a $4 million capital raise, with an additional $1 million committed by notable investors, including Cartography Capital and Quarterback Financial.
The zbyte mainnet introduction is marked by an innovative low-code, no-code module, revolutionizing Web3 development. This module enables Web2 developers to seamlessly create decentralized applications (dApps) without the need for extensive re-skilling. Addressing the scarcity of developers in the Web3 space, zbyte’s pioneering approach offers a user-friendly platform for rapid dApp development across various public blockchains. Recognizing India as one of the largest developer markets globally, zbyte plans to leverage this opportunity through its campus chain program with various universities. The team has already conducted several hackathons in India, contributing to the development of diverse dApps.
Co-Founder Krish Kupathil emphasizes, “At zbyte, we’re not just building a platform; we’re shaping the future of Web3 development. Our mainnet is designed to empower developers, bringing Web2 ease and familiarity to the Web3 environment. We’re excited to see how this will accelerate the adoption of blockchain technology.”
This fund raise will accelerate their ambitious roadmap, onboarding various talented developer communities, organizing hackathons, bringing the power of Web3 to businesses and developers across various domains and use cases by leveraging the power of the zbyte platform, while aggressively decentralizing and empowering the zbyte community.
zbyte’s DPLAT (decentralized platform) protocol is a feature-rich, public token infrastructure that includes an API-first approach, support for multiple Layer1 blockchains, connectors to Web2 systems, and the ability to use dApps with near-zero or configurable gas fees. The platform ensures the portability of digital assets across blockchains and native ZKP-based privacy, all within a single package.
Dan Quintero of Cartography Capital stated, “Investing in zbyte was a strategic decision for us. Their vision of making Web3 accessible to the masses and their commitment to simplifying the development process is truly groundbreaking. We believe zbyte is set to be a key player in scaling Web3 adoption.”
zbyte’s DPLAT can be accessed at dplat.zbyte.io and has a steadily growing community of contributors and creators. Several entities are already building on the platform, including zblocks, a web3 consumer engagement platform for large brands, the f*word, a digital fashion creator suite, and Genovatic, a professional services company driving blockchain adoption across multiple enterprise use cases. zbyte’s DPLAT also supports leading blockchains like Avalanche and Polygon today, with an MOU with PWR chain announced and to be integrated soon.