Archethic raises 2M+ € in Funding
Archethic Technologies, the project pioneering a new internet of trust, announced today that it has successfully closed its first round, raising a total of 2M+.
This round demonstrates continued support from existing investors, combined with new backers showing strong interest for the project.
This kickstarts the first of several future rounds fostering Archethic's ecosystem development aligned with its ambition of giving back control over technology to the people through a thriving ecosystem
-- Multi-family office
These funding rounds enable Archethic to continue developing its public infrastructure and a set of smart-contracts SDK that will allow developers to build the future of decentralized applications. Allowing people, companies, and machines to transact in a decentralized manner, with minimized arbitration, cost, and friction.
Archethic's vision is making blockchain services accessible to the world through decentralized identity, disrupting the way people make transactions by removing credit cards, passwords, and keys.
Anybody anywhere can securely access their digital world with the tip of a finger.
The funds raised will drive the next phase of Archethic's growth and will be primarily used to grow the technical and product teams to further develop the prototype pilots for launch partners and continue to accelerate the development of its ecosystem through in-house Dapps to generate traffic.
This funding round will fuel the next chapter of the Archethic's story — a story I am proud to be a part of as we work to reshape the future of Internet. Our vision is to create a more decentralized, open & brighter future. This can only be achieved by facilitating the development of a stack of specialist applications to disrupt, demonopolize, and democratize the Internet. This decentralized approach to create trust within internet will allow any digital company to replace the existing trusted third-parties by autonomous smart-contracts on Archethic's infrastructure, giving every industry a huge economic gap to conquer while preserving decentralization & transparency.
-- Sébastien Dupont, CEO & Co-Founder of Archethic
Designed for mass adoption, Archethic aims to onboard the world population into using sustainable blockchain Dapps seamlessly through user-friendly interface & biometric recognition. Giving anybody, anywhere, the keys to a safer internet regardless of their technical prowess.
Archethic Public Blockchain
Archethic is a Layer 1 aiming to create a new Decentralized Internet.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH"
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
To achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR-compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Archethic Foundation Non-profit to manage decentralized governance of the public blockchain
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