Blockchain, Featured

Blockchain Platform ThunderCore And Blockchain Fund Pangea To Raise Funds

ThunderCore is a blockchain platform who has raised $50 million in its latest funding round. Pantera along with other investors like Huobi Capital, MetaStable, ZhenFund, Electric Capital, Arrington XRP Capital, FBG, Hashed, Kinetic, SV Angel led this round. The main purpose of this fund is to build and improve the platform for the community of DApp developers and use distributed ledger technology (DLT) for secure and transparent transactions.

“From the start of this project, our team has worked tirelessly to ensure we are building the most thoroughly-researched and best-performing product on the market while maintaining a level of user-friendliness that appeals to the masses,” said Chris Wang, co-founder, and CEO of ThunderCore. “We are incredibly fortunate to work with a talented roster of scientists and researchers who have made immeasurable strides in bringing blockchain to the forefront of innovation. With this new inflow of funding, we will be able to broaden our offerings and bring on additional staff, thus opening the door to even more possibilities.”

The blockchain platform ThunderCore was founded in 2017. It is designed to be a fast, decentralized, trustable and high-performance Ethereum Virtual Machine (EVM) compatible public blockchain. Hybrid consensus mechanism along with optimized fast path is used to help those developers who want to build on the platform. The platform collects data and insights about the developers. It doesn’t only collect the data, but also collect developers feedback. It is known for its profound and mutually-beneficial relationship with developers, BlockTribune reported.

Blockchain Fund Pangea, the Switzerland-based Blockchain Platform, has announced the closing of $22 million in its seed funding round on February 27, 2019. It has successfully debuted its inaugural international fund with the aim of advancing market-defining blockchain technologies. The Lugano-based financial services group Copernicus Asset Management SA (“Copernicus”) and the Bitcoin.com owner Roger Ver are those investors who led this round. Investors and advisers of Pangea Blockchain Fund are those new world technologists and old world Wall Street veterans whose main focus is to implement blockchain technology on the commercial and industrial applications, BusinessWire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Shabnam Dhar is a Copy Editor for OWLT Market.

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