Superblock Raises $8 Million in Funding For Over Protocol Lightweight Node Protocol
- Superblock, developer of Over Protocol, secures $8M in funding from prominent investors, affirming confidence in their groundbreaking technology and earning recognition as a frontrunner in the blockchain arena.
- Major Korean companies, venture capital funds, and industry giants such as SK, Netmarble, and Schmidt were among the backers in previous funding rounds.
- Over Protocol offers lightweight full nodes, enabling seamless and efficient interactions within the blockchain, significantly reducing the resource-intensive requirements often associated with traditional blockchain nodes.
Superblock, the visionary developer behind the cutting-edge Over Protocol lightweight node protocol, has successfully secured a total of US$8 million in funding across two funding rounds.
As reported by Chainwire, has sent ripples of excitement through the crypto community.
Prominent investors, including SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ, actively participated in the funding, reaffirming the growing interest and confidence in Superblock’s groundbreaking technology.
Earlier this year, in February, Superblock had already announced a triumphant Series A funding round, amassing a substantial 9 billion won (approximately US$7.22 million) in investments. Notably, major Korean companies, venture capital funds, and industry giants such as SK, Netmarble, DSC Investment, E&INVESTMENT, and Schmidt were among the backers who recognized the immense potential of Superblock and its innovative protocols.
Superblock’s inception in 2021 laid the foundation for the development of Over Protocol, a powerful L1 blockchain solution that offers lightweight full nodes. This unique and game-changing feature enables seamless and efficient interactions within the blockchain, significantly reducing the resource-intensive requirements often associated with traditional blockchain nodes.
The successful fundraising efforts further solidify Superblock’s position as a frontrunner in the blockchain arena, earning recognition for their groundbreaking advancements. The significant financial backing not only demonstrates the belief in Superblock’s vision but also provides them with the necessary resources to drive the adoption and development of Over Protocol to new heights.
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