Forward Protocol raises $ 1.25 million to develop the Web 3.0 toolkit

Press release

Panama City, Panama, December 8, 2021 – Ahead Protocol has raised $ 1.25 million in two funding rounds, attracting investments from leading blockchain projects and venture capital groups such as Bitcoin.com, CV VC, AU 21 Funds, X21 and GDA Capital.

Additional capital came from MEXC, Stakez Money, Magnus Cash, MarketAcross, Basic Principles Money, CRT Money, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Cash, NFT Technologies, Darkpool Ventures, Octopus Funds, ZBS Money, IBC Team, Polygon Syndicate, Oracle’s Expense Group, Marathon Money, Cuan Ventures, Ardura Capital and Utopian Funds. Polygon Studios also contributed a grant.

After raising $ 500,000 in a seed round, Forward welcomed a total of $ 700,000 invested in a private funding round to move closer to its goal of building a Website 3 toolkit.

Forward Protocol co-founder Karnika E. Yashwant said, “Making blockchain technology easy for non-techies to use is the next logical step on our path to mass-adopting blockchain.” He continued, “The value economy is the next blockchain revolution.”

“When you remove the barrier to entry, you will skyrocket participation,” says colleague and co-founder Mitch Rankin. “We’re focused on adoption, offering open source blockchain tools that will enable any organization in any sector to use our toolkit to implement Net 3 in a single environment. No code field, drag and drop, simple to use.”

Rankin’s statement was taken up by Alexi Nedeltschev from AU 21, who added: “The vision of Ahead Protocol to develop World Wide Web 3 toolkits is revolutionary and we see it as pointing the way in the industry and accelerating global adoption at the same time from blockchain. ”

Via the forwarding protocol

Ahead Protocol uses an easy-to-use WordPress-like model to enable a code-free environment where users can interact without any technical knowledge. It also offers blockchain toolkits that connect the value economy. The modular architecture and fully customizable smart contracts ready to be deployed are designed so that anyone can adopt blockchain technology without risk. The modular design of the protocol allows any organization to choose the right module for their platform and adapt it to their use case.

The Forward Protocol uses the financial applications of the blockchain and introduces the concept of Initial Value Delivery (IVO), which, among other things, applies a crowdfunding model to the blockchain. This is a Kickstarter program on the blockchain that creates transparent and secure fundraising opportunities for backers. IVO offers a solution for developers who need to invest a lot of time and money in new products but are unsure whether they will become popular enough to cover costs and ensure their products are profitable. It also protects potential buyers’ funds much like the Kickstarter platform.