Web3 Technology Firm Cosmic Wire Raises $30M in Seed Funding

Key Takeaways

• Cosmic Wire completes its Seed funding round, securing $30 million from investors like Solana Foundation and Polygon.
• The funding will accelerate the development of their decentralized applications, fostering a more transparent, secure, and scalable Web3 ecosystem.
• Cosmic Wire aims to revolutionize communication and transactions with cross-chain technology and empower users with data control.
• Additionally, the company joins Google Cloud’s Web3 startup program, further solidifying their position as a leader in blockchain and immersive technology.

Web3 technology firm Cosmic Wire has raised $30 million in Seed funding round. This round was led by investors Solana Foundation and Polygon, positioning Cosmic Wire as the first cross-chain funded Web3 company.

The influx of capital will be utilized to further develop Cosmic Wire’s decentralized applications, which serve as the foundational operating system for the Web3 ecosystem. Notably, the company aims to enable seamless data transfer and interoperability across various blockchains through cross-chain technology.

Emphasizing privacy and user empowerment, Cosmic Wire plans to utilize the funding to accelerate the creation of a more decentralized, transparent, and secure digital Web3 ecosystem. Their ultimate goal is to grant users sovereign control over their data and online interactions.

This successful funding round reaffirms Cosmic Wire’s commitment to connecting creators, businesses, and industries worldwide, revolutionizing communication and transactions on the internet through pioneering Web3 solutions that offer enhanced efficiency and scalability.

The Solana Foundation’s general manager of Games, Entertainment, and Media, Johnny Lee, expressed excitement about Cosmic Wire’s decision to build their Web3 infrastructure on the Solana network.

He praised their metaverse SDK solutions, which reduce development times for high-fidelity, 3D, browser-based metaverse experiences with integrated e-commerce, content CDNs, payment solutions, and avatar UGC.

Furthermore, Cosmic Wire has been selected as a participant in Google Cloud’s upcoming Web3 startup program. This recognition solidifies their leadership in the next generation of blockchain and immersive technology.

The program will grant Cosmic Wire exclusive access to customized resources, substantial Google Cloud credits for a two-year period, and unparalleled entry into Google’s Web3 ecosystem, along with various complimentary benefits.

Cosmic Wire’s platform-agnostic, scalable, and interoperable blockchain technology will facilitate seamless integration and collaboration across the internet, challenging the centralized content creation and exchange of Web2.

With an experienced team led by Founder and CEO Jerad Finck, Cosmic Wire’s pioneering solutions are tailored to meet the evolving needs of the Web3 landscape. With ongoing support from partners and investors, the company is positioned to expand its global presence and lead the way in driving Web3 innovation.

Read Also: Tezos Foundation collaborates with Google Cloud to accelerate Web3 innovation, Google Cloud becomes official Tezos Baker

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://alexablockchain.com/cosmic-wire-raises-30m-in-seed-funding/