Coinweb is a layer-2 cross-chain computing platform that supports running decentralized applications across multiple different blockchains. The platform enables application developers to combine the capabilities of each blockchain when building dApps. Coinweb's offering is positioned to lower enterprise users' entry barriers to blockchain applications. According to the article, Coinweb recently received a $650,000 strategic investment from GDA Capital. The funding was reported on February 28, 2024 by DoNews citing IT桔子. The article does not disclose operating metrics, valuation, or further financial details. Coinweb is a layer-two cross-chain computation platform and blockchain-agnostic protocol that lets developers combine properties and functionalities of multiple blockchains to run decentralized applications. In 2022 it released a cross-chain tokenization platform (LinkMint), a native marketplace, DeconX, and a multi-tenancy wallet. Coinweb Labs provides design-and-build consultancy services to create custom turnkey Web3 solutions and incubate third-party projects on the protocol. The project has been in development since 2017 and is moving toward full production readiness and a planned mainnet launch. Coinweb recently partnered with Ceffu (the rebranded Binance custody solution) to manage a portion of its treasury in insured cold storage. The team says newly acquired tokens will be used for continued ecosystem build-out, while remaining founders have extended token lockup and vesting to signal long-term commitment. Coinweb is a layer-2 cross-chain computation platform that began its journey in mid-2017. The company says it has an experienced team and a board of advisors from traditional technology, business and blockchain. Coinweb aims to address critical problems in distributed ledger technology by enabling cross-chain computation. The announced partnership with Magnus Capital is intended to strengthen steady growth and expand Coinweb’s community. Magnus is expected to provide advice and access to its network, including developers, exchanges and community members. The article does not disclose any financial metrics or revenue information.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2024