Kyve Network Announcing Their Second Funding Round Featuring Hypersphere, Coinbase Ventures, and Others
The last six months have been an incredible journey for KYVE. They have improved the product, added new integrations, scaled our team with great talents, and grown the community tremendously. Their mission is more ambitious than ever: they want want to become the default tool for data collection and computation for all Web3 projects.
To achieve this ambitious goal, they are proud to announce that they have closed theit second fundraising, led by Permanent Ventures and Hypersphere Ventures, as well as outstanding crypto funds and networks such as Volt Capital, Mechanism Capital, Coinbase Ventures, Distributed Global, Compute Ventures, Zee Prime, CMS Holding, Ternary Capita, Flori Ventures (Celo’s venture arm),
Their whole team is more focused than ever on making this project a success.
What is coming up next?
Additional Integrations & Features
In the coming months, they plan to iterate over the protocol to improve KYVE. We recently launched a private ambassador/beta-tester program to get better feedback from the community and deliver the features it needs. As they want to become the default tool for data collection and computation, they hope to convince more and more web3 projects to integrate with us.
Incentivized Testnet
We have been improving our website and protocol for the last months, which will be released soon. After the release, we aim to kick off an incentivized testnet, gather more feedback from the community, and reward the members who have helped us since day one.
Recruiting
They are looking for new talents to help them scale and iterate on KYVE. They are looking to hire a marketing/growth manager, a software engineer, a solidity developer, and a technical support manager for the following months. More info will follow soon.
Lastly, they want to thank again the unique investors that believed in our project since day one. Their help is not just about funds but also assisting us in our journey through the crypto world. They would also like to thank the incredible community following then, supporting us at this very early stage of the project. Thry cannot thank you enough and cannot wait for you to see what comes next.
About Kyve Network
KYVE is a next-generation protocol that enables data providers to store and reliably verify their data streams seamlessly. KYVE’s decentralized archival framework standardizes, validates, and permanently stores data streams. By leveraging Arweave, the solution ensures these resources’ scalability, immutability, and availability over time. By recently migrating from SmartWeave to Moonbeam smart contracts, KYVE is now EVM compatible.
