British Virgin Islands, March 20th, 2024. Chainwire
Mystiko.Network, the Pioneering Base Layer of Web3, Successfully Completes a $18 Million Seed Funding Round
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Mystiko.Network, the trailblazing Base Layer of Web3, has recently closed a successful $18 million seed funding round, with Sequoia Capital India/SEA (now known as Peak XV Partners) leading the investment. The round also saw participation from esteemed firms such as Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, and Morningstar Ventures.
Within just under a year since its inception, Mystiko V1 mainnets have demonstrated impressive statistics. The networks have supported a staggering transaction volume of over $134 million and processed an astounding 214,000 transactions across five different layer1/layer2 blockchains. Moreover, there are currently 54,000 unique active onchain users engaging with the platform.
Previously, Mystiko.Network was selected to participate in several prestigious programs, including Binance MVB, Chainlink Startup, polygon Ecosystem, and Coinlist Seed.
Mystiko.Network: The Base Layer of Web3
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Background: Mystiko.Network is the Base Layer of Web3, providing a foundation for scalability, interoperability, privacy, and artificial intelligence for every blockchain and decentralized application (dApp) in existence. Mystiko SDK, the universal Zero-Knowledge (ZK) SDK, enables this all-encompassing functionality.
Key Achievements and Milestones
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- Transaction Volume: Over $134 million in just under a year
- Transactions: 214,000+ processed across five different layer1/layer2 blockchains
- Unique Active Onchain Users: 54,000+ currently engaged with the platform
- Selective Program Participation: Binance MVB, Chainlink Startup, polygon Ecosystem, and Coinlist Seed
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