Nikolas Sargeant
Moondance Labs, the team behind the Tanssi appchain infrastructure protocol, announced on Thursday that it has raised $6 million in a strategic funding round co-led by venture capital firms Scytale Digital, KR1, and SNZ.
In a press release shared with Cryptowisser, Moondance Labs said the investment round had participation from other blockchain VCs including Arrington Capital, Borderless Capital, Hypersphere, and Blockchain Founders Fund, as well as angel investors like Gavin Wood.
While commenting on this funding round, George McDonaugh, Managing Director and Co-Founder of KR1, said,
"The Moondance Labs team has made great progress over the past year, delivering on Tanssi’s roadmap to become the go-to tool for appchain developers. We are very excited to support them on their journey as they expand Tanssi from Polkadot and beyond. Tanssi will play a critical role for appchains by allowing developers to leverage its efficiency and scalability benefits easily."
Moondance Labs will use the funds from this funding round to further develop Tanssi, which is designed to streamline and expedite appchain deployments. The protocol equips developers with the infrastructural tools they need for rapid and efficient chain launches.
Tanssi simplest appchain development and reduces processes that previously took months to mere minutes. Moondance Labs explained that connecting a chain to Tanssi automatically transforms it into a modular appchain, granting access to a permissionless, developer-friendly environment and integrating key features like block production, wallets, trustworthy data reliability, oracles, and cross-chain connectivity.
Tanssi has effectively removed these obstacles, facilitating the launch of appchains across a variety of applications, from NFTs and DeFi to gaming, real estate, and green energy, the team added.
Francisco Agosti, Co-founder of Tanssi and CEO of Moondance Labs commented that,
“The team is excited to have closed this round; now, we can focus on accelerating Tanssi's development. Since the project's inception, our goal has been to offer the best possible developer experience for deploying Layer 1s, without compromising on security or decentralization. We'll continue to push forward toward that vision. I’d also like to extend my thanks to all the round's participants for their continued support.”
Tanssi is currently planning to launch an incentivized testnet campaign. This campaign will celebrate and reward the vibrant community and innovative projects within its ecosystem.
Tanssi’s appchain infrastructure protocol simplifies and accelerates the deployment of appchains. By connecting a chain to Tanssi, it is instantly transformed into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain out of the box.
Tanssi’s ley features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC endpoints, indexers, oracles, and more.
