TechFlow News – Firechain, a smart contract platform, has announced the successful completion of a $3 million Pre-Seed funding round. The round was led by Genblock Capital, with participation from MGNR, Cogitent Ventures, 1NVST, Ankr, and others. The funds will be used to expand the team, accelerate development on its roadmap, and launch its innovative blockchain platform.
Fundamentally, Firechain is building an asynchronous, event-driven hybrid ledger architecture designed to support features such as feeless transactions and provably secure on-chain randomness. Firechain plans to launch the public testnet of its DLT network in June.
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