Versatus is a Layer 1 blockchain developer focused on building a language-agnostic platform. The platform is designed to help developers more quickly "build, publish, run" applications. Versatus Labs is developing Layer-1 infrastructure to support multi-language application development. The company recently completed a $2.3 million seed financing. Investors in the round include NGC Ventures, Republic Crypto and Hyperithm. The financing was structured as an equity plus token-backed round. VRRB Labs is developing VRRB, a Layer 1 blockchain that leverages a proprietary Proof of Claim (PoC) consensus algorithm to address the blockchain trilemma of scalability, security, and decentralization. The platform isolates each smart contract in its own containerized runtime, with each program containing a RISC‑V ISA microVM to enable language-agnostic, composable contracts and a 'Build, Ship, Run' DevOps experience. VRRB emphasizes improving the developer experience to grow the Web3 developer community, noting industry headwinds including fewer than 10,000 full-time web3 developers and fewer than 30,000 monthly active web3 developers. The company plans to scale its development and marketing teams and build an educational program for developers using the recent seed funding. VRRB aims to achieve both vertical and horizontal scaling through its PoC algorithm and novel smart contract execution model, while remaining permissionless and decentralized.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Dec 2023