Several investors, including Cartography Capital and Quarterback Financial, have contributed $4 million to the strategic funding round of Web3 startup zbyte.
Additionally, the startup announced that it has received a $1 million commitment.
According to a press release from the company, the money will be used to onboard different developer communities, host hackathons, and introduce Web3 to developers and businesses across a range of domains and use cases using the zbyte platform.
zbyte, a 2021 startup founded by Nitin Kumar, Krish Kupathil, and Ankush Tiwari, provides a low-code and no-code platform that allows developers to extend existing protocols.
The blockchain startup also declared the opening of its mainnet, a fully functional and implemented blockchain protocol. Web2 developers will be able to create decentralized applications (dApps) using a low-code and no-code module approach thanks to the mainnet, claims zbyte.
The second company in the Web3 space to get funding this week is zbyte. Before this, Hashkey Capital and AppWorks Venture led a $1.5 million fundraising round for Web3 and the digital rewards app Fetcch.
