Cosmic Wire Secures $30M In Series Seed Funding To Revolutionize Web3
- Cosmic Wire secures $30M in funding to drive Web3 innovation.
- Funding will support the development of decentralized applications and cross-chain technology.
- Cosmic Wire aims to empower users with data control and revolutionize communication and transactions.
Cosmic Wire, a pioneering technology company specializing in Web3 and blockchain solutions, has successfully concluded its Series Seed funding round, raising $30 million.
The round was led by investors Solana Foundation and Polygon, making Cosmic Wire the first cross-chain funded Web3 company. The funding will fuel the development of Cosmic Wire’s decentralized applications, which serve as the foundational operating system for the Web3 ecosystem.
With a focus on privacy and user empowerment, the company aims to create a more decentralized, transparent, and secure digital Web3 environment. The company will utilize the funds to accelerate the development of innovative solutions that give users sovereign control over their data and online interactions. This latest achievement reaffirms Cosmic Wire’s commitment to connecting creators, businesses, and industries globally, transforming communication and transactions. By pushing the boundaries of Web3, the company aims to revolutionize systems on a large scale, enhancing efficiency and scalability.
Cosmic Wire’s infrastructure will be built on the Solana network, providing high-fidelity, 3D, browser-based metaverse experiences with integrated e-commerce capabilities, payment solutions, and content CDNs. The collaboration with Solana Foundation opens up new possibilities for creating immersive metaverse experiences that were previously unimaginable.
In addition to its funding success, the company has been selected to participate in Google Cloud’s Web3 startup program, offering exclusive access to tailored resources, including substantial Google Cloud credits and entry into Google’s Web3 ecosystem. This recognition solidifies Cosmic Wire’s leadership in the blockchain and immersive technology space.
Led by Founder and CEO Jerad Finck, the company is driven by a team of experienced entrepreneurs, developers, and blockchain experts. Their platform-agnostic and scalable blockchain technology enables seamless integration and collaboration across the Internet. By focusing on the decentralized nature of Web3, Cosmic Wire empowers users to create and exchange content securely.
Cosmic Wire’s innovative solutions are poised to reshape industries such as finance, logistics, supply chain, insurance, healthcare, education, gaming, sports, entertainment, travel, retail, and real estate. With its global presence and ongoing support from partners and investors, the company is set to lead the way in driving Web3 advancements and transforming the digital landscape.
“We are thrilled by the support from our investors and partners. The success of the Seed round enables us to empower creators, businesses, and industries worldwide, revolutionizing communication and transactions. Cosmic Wire is at the forefront of driving Web3 in exciting new ways, bringing forth exponential increases in system efficiencies and monetization. We are here to showcase what Web3 truly is,” said Jerad Finck
Headquartered in Miami, Florida, Cosmic Wire collaborates with organizations worldwide to promote the widespread adoption of Web3 technologies. With its transformative technology and commitment to user sovereignty, the company is poised to shape the future of the Internet and redefine how we interact and transact in the digital world.