Blockchain firm ThunderCore has managed to raise $50 million in its latest funding round. The funds came from several recognized investors in the US and Asia, including Pantera, Huobi Capital, MetaStable, ZhenFund, Electric Capital, Arrington XRP Capital, FBG, Hashed, Kinetic, SV Angel.
Founded in 2017, ThunderCore claims to be a fast, high performance Ethereum virtual machine (EVM) compatible public blockchain with fully decentralized trust. The platform utilizes a hybrid consensus mechanism, with an optimized fast path, enabling developers to easily and conveniently build on the platform while maintaining ethereum compatibility. It collects feedback, data and insights on how developers use the platform, and how they can better support them in building decentralized apps (DApps).
ThunderCore said that the funding will enable them to further build and improve its platform for the DApp developer community, addressing their increasing need for secure, fair and transparent transactions via distributed ledger technology (DLT).
“From the start of this project, our team has worked tirelessly to ensure we are building the most thoroughly-researched and best-performing product on the market, while maintaining a level of user-friendliness that appeals to the masses,” said Chris Wang, co-founder and CEO of ThunderCore. “We are incredibly fortunate to work with a talented roster of scientists and researchers who have made immeasurable strides in bringing blockchain to the forefront of innovation. With this new inflow of funding, we will be able to broaden our offerings and bring on additional staff, thus opening the door to even more possibilities.”
Michael Arrington, founder of TechCrunch and partner at Arrington XRP Capital, said that ThunderCore is well-positioned for long-term prosperity due to its sustained focus on scalability and its profound, mutually-beneficial relationship with developers.
“We’re thrilled to be on board as the ThunderCore vision and solution leads the industry into the future,” Arrington said.
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