Openverse Network Secures $11 Million in Strategic Funding to Advance the Global Value Internet Infrastructure

Openverse Network > Blog > Uncategorized > Openverse Network Secures $11 Million in Strategic Funding to Advance the Global Value Internet Infrastructure

Openverse Network, a pioneering Layer0 blockchain infrastructure platform dedicated to building the global Value Internet, has successfully raised $11 milion in a strategic funding round. This investment wil accelerate the development of its core protocols, mainnet enhancements, and the expansion of its global ecosystem.

Strategic Investment from Leading Institutions

The funding round saw participation from prominent internatinal venture capital firms:

  • Castrum Capital: A full-stack venture capital firm inspired by Roman principles, focusing on investments in crypto-related startups.
  • TB Ventures: An early-stage venture capital fund investing in startups across Southeast Asia and North America.
  • DuckDAO: A decentralized incubator that leverages community investment power and creativity to help promising projects reach their full potential.
  • Asva Capital: India’s top Web3-native investment and digital asset research firm.
    These institutions’ support will provide a solid foundation for Openverse Network’s globalization strategy and accelerate its ecosystem development worldwide.

Building the Core Technologies of the Value Internet

As a Layer0 protocol layer, Openverse Network offers several innovative technologies to achieve seamless connectivity between blockchain, metaverse, and traditional Web2 worlds:

  • VTP (Value Transfer Protocol): Enables cross-chain value transfers, allowing assets to flow freely between different blockchains.
  • ONS (Open Name Service): A naming system similar to DNS that maps complex on-chain addresses to human-readable names, enhancing user experience.
  • UlD (Universe ldentification): A decentralized identity system supporting unified identity management across multi-chain environments.
  • lBC (Inter-Blockchain Communication Protocol): A modular cross-chain communication standard facilitating secure interoperability between different blockchain systems.
  • U.T (Unified Time): Provides a unified and tamper-proof timestamp to ensure the order and traceability of on-chain events.

High-Performance Mainnet Supporting Multiple Token Standards

The Openverse mainnet boasts over 300,000 TPS (transactions per second), a 0.38-second block generation time, and single-block confirmation, offering developers and users a Web2-like experience. Additionally, Openverse supports various token standards, including VRC-10, VRC-11,and VRC-12, covering public currencies, private currencies, and digital securities.

Accelerating Global Ecosystem Development

This funding round will expedite Openverse’s ecosystem construction on a global scale, encouraging more developers and partners to join in building a more open and interconnected value network.

Openverse Network’s ecosystem includes blockchain explorers, wallets, developer documentation, GitHub resources, and more, creating a comprehensive development and usage environment.

Furthermore, Openverse actively participates in community building throuah platforms like Telegram, Discord, and X (formerly Twitter), fostering active communities and promoting collaboration among users and developers.

About Openverse Network

Openverse Network is a Layer0 blockchain infrastructure based on blockchain technology, aiming to construct a decentralized “Value Internet” that facilitates the transmission of value (such as tokens, NFTs, messages) between different blockchains, metaverses, and the traditional Internetas seamlessly as sending an email.

Openverse Network’s vision is to establish a decentralized, proarammable, and efficient Value Internet, achieving seamless connectivity between blockchain, metaverse, and traditional Web2 worlds.As a Layer0 protocol layer,Openverse offers several innovative technologies,including VTP (Value Transfer Protocol),ONS (Open Name Service), UID (Universe ldentification), and lBC(Inter-Blockchain Communication Protocol), collectively building a secure, efficient, and scalable decentralized network.

For more information, users can visit the official website: https://www.openverse.network/

Reprinted from：https://news.bitcoin.com/openverse-network-secures-11-million-in-strategic-funding-to-advance-the-global-value-internet-infrastructure/