Web3 startup zbyte has secured $5 Mn from Cartography Capital and Quarterback Financial.
With the help of the funds it had secured, the firm launched its mainnet intending to bridge the gap between Web2 and Web3, as reported by entrepreneur.com.
“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,” said Krish Kupathil, Co-Founder, zbyte.
By abstracting away the complexity of the web3 transition, zbyte acts as a bridge for developers to onboard, build, and deploy blockchain-enabled applications with familiar tools.
Kupathil, Nitin Kumar, Ankush Tiwari, and Saurabh Radhakrishnan founded zbyte in 2022, and since then, the company has shaped the blockchain ecosystem by introducing the decentralised platform (dPlat).