News

VRRB Labs Raises $1.4 Million In Pre-seed Round To Launch Decentralized Protocol

Key Points:

  • VRRB Labs, a decentralized protocol that combines speed, scalability, and decentralization without sacrificing security, raised $1.4 million in a pre-seed funding round.
  • With the seed money, the company will be able to expand its development and marketing teams and create a training program for programmers who want to use its platform.
An innovative blockchain that will make it simple and financially viable for developers to create user-friendly applications is being developed by Miami-based cryptocurrency firm VRRB Labs, which just secured $1.4 million in a pre-seed fundraising round.

Investors in the round included Jump Crypto, Taureon, and Big Brain Holdings.

VRRB Labs is the development company building VRRB, an innovative blockchain protocol.

VRRB developer technology and experience aim to meet scalability, security, and decentralization simultaneously. It also helps developers build in Web3.

Andrew Smith, the founder of VRRB, said in the statement:

“VRRB addresses two core headwinds that have suppressed developer community growth: a lack of scalability on decentralized platforms and a lagging Web3 developer experience. VRRB is designed to create a more flexible, composable, and simple developer experience with a ‘Build, Ship, Run’ framework. With the support of our incredible community, we look forward to unlocking the boundless potential of Web3 and blockchain technology.”

To achieve unrivaled speed and scalability, both vertically and horizontally, the blockchain protocol uses a special. Proof of Claim (PoC) consensus mechanism. In addition, the protocol employs a cutting-edge strategy for smart contract DevOps and implementation.

Each smart contract is isolated in its own containerized runtime by the smart contract platform. Each software that is deployed to the network has a mini virtual machine that was created specifically for it. Developers now have the greatest degree of flexibility, allowing them to create composable smart contracts on a platform that supports any language.

With the help of its seed investment, VRRB will be able to grow its development and marketing teams and offer a training program for programmers who want to use its platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Shiba Inu Price Movements: Growing Buy Wall Suggests Large Surge Is Incoming For SHIB And This AI Token

Growing buy support for the Shiba Inu price suggests a potential surge, however, analysts recommend…

28 mins ago

Fed Interest Rates Cut Makes Crypto Markets Excited Again

The Fed interest rates cut by 0.25%, lowering the target range to 4.50%-4.75%, continuing its…

46 mins ago

SEC Chair Gary Gensler’s Downfall Sends Cryptocurrency Soaring

The potential departure of SEC Chair Gary Gensler after Trump’s presidential victory is sparking a…

1 hour ago

Illinois Tech Worker Won Big with Solana – Now She Sees BlockDAG as the Next Solana

After making $40,000 in profits with Solana, Illinois tech worker Laura Kim is now betting…

1 hour ago

Robinhood CLO Dan Gallagher Generates Excitement As Potential New SEC Chair

Trump’s transition team is considering Robinhood CLO Dan Gallagher, Paul Atkins, and Robert Stebbins as…

2 hours ago

Why is the XRP Price Down Today? Market Expert Replies and Points to Ripple Killer on the Rise

Experts spotlight a rising AI token poised to create a major shift in the market…

2 hours ago

This website uses cookies.