Connect with us
Prague Gaming & TECH Summit 2024

Blockchain

PiLab Technology (BIFROST) Announces A $57 Million Eco-Fund to Expand Its Blockchain Ecosystem

Published

on

 

PiLab Technology, Inc., a blockchain technology company that has developed the multichain middleware platform, BIFROST, announced on March 24, 2022 that it will launch a $57 million Eco-Fund to expand its BIFROST ecosystem.

The fund will be granted to projects contributing to the Metaverse and Web3-based developments, such as non-fungible tokens (NFT) and decentralized finance (DeFi) to bring forth promising blockchain projects and DApps into the BIFROST ecosystem. The company has confirmed the fund to Delta Finance, a DeFi co-developed by Coinplug, a blockchain development firm, and Blockwater Technologies, a crypto investment firm.

“Any projects interested in using blockchain technology to build innovative Web3 products are able to receive the fund. Our Eco-Fund will further expand BIFROST with DApps that are interested in joining our ecosystem.” said PiLab’s CEO, Dohyun Pak.

PiLab Technology is a blockchain-based technology company that has developed multiple multichain services, including BIFROST and BiFi. With the mission of enabling DApps to operate on top of multiple protocols, Dohyun Pak founded the company with Jonghyup Lee, CTO, and Changhyun Yoo, COO, in 2017. Recognized for its innovative technology and proving the scalability of its products, PiLab has recently raised a $8.4 million Series A led by Korea Investment Partners, STIC Ventures, and Yuanta Investment Co., Ltd.

SOURCE BIFROST

Blockchain

CryptoBlox Technologies Inc.

Published

on

cryptoblox-technologies-inc.
Continue Reading

Blockchain

Zero Hash bolsters its ecosystem support with addition of Aptos blockchain

Published

on

zero-hash-bolsters-its-ecosystem-support-with-addition-of-aptos-blockchain
Continue Reading

Blockchain

Green Fintech Market Size – Global Forecasts to 2029

Published

on

green-fintech-market-size-–-global-forecasts-to-2029
Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE