CoinWeb Cross Chain Computing Platform raises $2 Million

04/06/2023 13:06 • Tech Ticker • 90 views

According to reports, the second tier cross chain computing platform CoinWeb has announced the completion of a $2 million financing, with SAVA Investment Management, a licensed fund management company registered in the Cayman Islands and British Virgin Islands, participating. Coinweb supports running decentralized applications on multiple different blockchains, allowing application developers to combine the best attributes and functions of each blockchain. In 2022, the cross chain token platform LinkMint was launched, aiming to lower the entry threshold for enterprise customers. （digitaljournal）

The second tier cross chain computing platform CoinWeb completed a $2 million financing

Introduction

CoinWeb, a Second Tier Cross Chain Computing Platform, has recently declared completion of their $2 Million Financing with SAVA Investment Management participating. This blockchain infrastructure operates as a decentralized and cross-chain domain that enables businesses and developers to create and launch customized decentralized apps on numerous blockchain protocols at affordable costs.

What is CoinWeb?

CoinWeb is a blockchain infrastructure platform that supports running decentralized applications on multiple different blockchains. This allows application developers to combine the best attributes and functions of each blockchain. It is a cross-chain computing platform that provides the architecture for the execution of decentralized apps. It consists of multiple side chains that are connected to the main chain. CoinWeb uses unique sidechain technology to run and deploy decentralized apps.

CoinWeb’s Unique Selling Point

CoinWeb aims to provide developers with the ability to create decentralized applications fast and affordably through its suite of tools and services. It has a multi-chain system that enables developers to combine various blockchain protocols to create customized decentralized applications without the costs, time and effort of building from scratch. The platform is run by nodes that contribute to increase the security of the network while providing fast transaction processing times.

LinkMint: CoinWeb’s Cross Chain Token Platform

In 2022, CoinWeb launched the cross chain token platform LinkMint. It aimed to lower the entry threshold for enterprise customers that wanted to launch their own tokens on blockchain protocols. It provides an easy to use interface that allows users to create, issue and manage their own digital assets effortlessly. LinkMint provides a platform that allows the creation of custom tokens on several blockchain platforms including Ethereum, BinanceSmartChain and more.

Funding from SAVA

SAVA Investment Management has recently invested $2 million in CoinWeb for its continued growth and development. SAVA is a licensed fund management company registered in the Cayman Islands and the British Virgin Islands. Its investment in CoinWeb is based on its potential growth as a blockchain infrastructure provider. This financing will be used to fund CoinWeb’s future expansion and development.

Conclusion

CoinWeb’s versatile cross chain computing platform providing businesses and developers with a cost-effective solution for developing and launching customized decentralized apps on multiple blockchain protocols. Its side chains connectivity to the main chain ensures fast transaction processing times and increased network security. CoinWeb’s launch of LinkMint has given users the ability to launch digital assets at an affordable cost across multiple blockchain platforms. The $2 million financing from SAVA Investment Management will aid CoinWeb’s future growth and development.

FAQs

1. What is CoinWeb?
CoinWeb is a cross chain computing platform that supports running decentralized applications on multiple blockchains.
2. What is LinkMint?
LinkMint is CoinWeb’s cross chain token platform that provides an easy to use interface that allows users to create, issue and manage their own digital assets.
3. Who invested in CoinWeb recently?
SAVA Investment Management has recently invested $2 million in CoinWeb.

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