TechFlow news, according to Businessline, Web3 infrastructure platform zbyte has secured $5 million in funding, announcing the launch of its mainnet backed by $4 million in financing and an additional $1 million in investor commitments.
Dan Quintero of Cartography Capital said, "Investing in zbyte is a strategic decision for us. Their vision of making Web3 accessible to the masses, along with their commitment to simplifying the development process, is truly groundbreaking. We believe zbyte will become a key player in driving broader Web3 adoption."
The zbyte mainnet is set to offer low-code and no-code modular services, enabling Web2 developers to easily build decentralized applications (dApps).
Previous report, in July 2022, Web3 startup zbyte announced completion of a $10 million private placement, though specific funding details were not disclosed. The company plans to use the funds to build a decentralized blockchain platform based on low-code and no-code interfaces, and to launch a dApp store. Additionally, zbyte intends to release its public token ZBYT in the fourth quarter of this year, accelerating blockchain technology adoption among developer communities and enterprises.
