Forward Protocol, a web 3.0 no-code dApp ecosystem, has announced today that their recent series of funding rounds has raised $1.25 million. The protocol’s seed round raised $500k, while the private round investment totaled $700k.
The investment came from venture capital groups such as CVVC, AU21, X21, and GDA Capital, among other leading blockchain projects such as Polygon and Bitcoin.com. Other notable investors include Utopian Capital, Marathon Capital, Cuan Ventures, Ardura Capital, MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital, Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate and Oracles Investment Group.
According to Karnika E. Yashwant, Forward Protocol’s Co-Founder, this investment will go a long way to helping Forward make blockchain technology simple for non-technical people. Forward Protocol aims to enable mass adoption of blockchain by creating open-source Web 3.0 toolkits for a value-driven economy.
Mitch Rankin, also a co-founder, believes that Forward Protocol’s WordPress-like, simple-to-use, no-code environment will enable any organization to install customizable open-source blockchain tools.
The founders’ sentiments were also echoed by AU21’s Alexi Nedeltchev, who believes Forward Protocol will lead the next blockchain revolution. Forward Protocol aims to;
- Create decentralized apps that lower the barrier to entry into blockchain.
- Create cross-chain functionality
- Provide developer incentives
