Web3 infrastructure startup zbyte has announced the launch of its mainnet, a fully developed and deployed blockchain protocol that aims to simplify the creation of decentralized applications (dApps) for Web2 developers. The company has also raised $5 million in a strategic funding round from multiple investors, including Cartography Capital and Quarterback Financial.
zbyte Mainnet: A Low-Code and No-Code Platform for dApps
The zbyte mainnet introduces an innovative low-code and no-code module that enables Web2 developers to effortlessly create dApps without needing to reskill, the company said in a statement. The platform allows developers to build on existing protocols such as Ethereum, Polygon, Solana, and others, using a drag-and-drop interface and pre-built templates.
The mainnet also offers features such as cross-chain interoperability, scalability, security, and governance, making it easier for developers to deploy and manage their dApps. The company claims that the mainnet can support up to 10,000 transactions per second (TPS) and has a low gas fee of less than $0.01 per transaction.
zbyte co-founder Nitin Kumar said that the mainnet is designed to bridge the gap between Web2 and Web3, and to empower developers to create the next generation of applications. “We believe that Web3 is the future of the internet, and we want to make it accessible and inclusive for everyone. Our mainnet is a game-changer for Web2 developers who want to leverage the benefits of Web3 without compromising on user experience, performance, or security,” he said.
zbyte Raises $5 Million To Accelerate Web3 Adoption
Along with the mainnet launch, zbyte also announced that it has raised $5 million in a funding round from a host of investors, including Cartography Capital and Quarterback Financial. The company said that it has also received an additional commitment of $1 million from other investors.
The funds will be used to onboard various developer communities, organize hackathons, bring 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, the company said.
zbyte co-founder Krish Kupathil said that the funding round is a validation of the company’s vision and product. “We are thrilled to have the support of our investors, who share our passion for Web3 and its potential to transform the world. We are confident that zbyte will be a key player in scaling Web3 adoption and creating a more open, transparent, and fair internet,” he said.
Dan Quintero of Cartography Capital, one of the investors in the round, said that zbyte is set to disrupt the Web3 space with its innovative platform. “We are impressed by the team’s expertise and execution, and we believe that zbyte is well-positioned to become a leading Web3 infrastructure provider. We are excited to partner with them and help them achieve their goals,” he said.
zbyte Plans To Tap Into India’s Developer Market
zbyte considers India as a key developer market and plans to tap into the opportunity through its campus chain program with various universities, the company said. The program aims to educate and train students on Web3 technologies and enable them to build dApps using the zbyte platform.
The company also plans to collaborate with other stakeholders in the Indian Web3 ecosystem, such as developers, entrepreneurs, investors, regulators, and media, to foster awareness and adoption of Web3 in the country.
zbyte co-founder Ankush Tiwari said that India has a huge potential for Web3 innovation and growth. “India has a vibrant and talented developer community, and we want to empower them with the tools and skills they need to create the future of the internet. We are committed to supporting the Indian Web3 ecosystem and contributing to its success,” he said.