HomeNewsPioneering Web3 Innovation: Solana Foundation Fuels Cosmic Wire with $30M Investment

Pioneering Web3 Innovation: Solana Foundation Fuels Cosmic Wire with $30M Investment

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  • Cosmic Wire, a Web3 infrastructure firm, secures $30 million in a seed funding round steered by the Solana Foundation and Polygon.
  • Along with the funding, Cosmic Wire has also been selected to participate in Google Cloud’s Web3 startup program.

Cosmic Wire’s Milestone Funding Round

Venturing into the diverse landscape of Web3 technology, Miami-based startup Cosmic Wire has successfully procured $30 million in seed funding. This initiative has been led by the Solana Foundation, a not-for-profit organization propelling the adoption of the Solana ecosystem, and Polygon, a recognized name in blockchain technology.

Cutting-edge Blockchain Solutions

Cosmic Wire’s unique value proposition lies in its extensive range of offerings within the realm of blockchain and cryptocurrency. They provide an array of world-building 3D architecture tools bolstered by artificial intelligence to create avatars for the metaverse, facilitating an immersive experience for users. In addition, the startup’s suite of blockchain solutions encompasses analytics, digital identity management, smart contract development tools, and chain-agnostic marketplaces. This potent blend of services underscores the startup’s aim to redefine the contemporary blockchain landscape.

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Johnny Lee, the General Manager of Games, Entertainment, and Media at Solana Foundation, expressed his enthusiasm about the collaboration,

“We are very excited for Cosmic Wire’s Web3 infrastructure to be built on the Solana network. Their metaverse SDK solutions significantly reduce development times of high-fidelity, 3D, browser-based metaverse experiences.”

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He further stated that their solution integrates e-commerce for both physical and digital products, content delivery networks, payment solutions, and user-generated content, emphasizing the comprehensive nature of their services.

Fostering Growth through Strategic Partnerships

Aside from the financial boost, Cosmic Wire has been chosen to partake in Google Cloud’s Web3 startup program. This program is specifically designed to provide support for startups and emergent projects in the Web3 industry, enabling them to accelerate and secure their scaling process. As part of the program, Cosmic Wire will receive exclusive access to customized resources, including a substantial allocation of Google Cloud credits for a two-year period, an unparalleled entry into Google’s Web3 ecosystem, and a range of complimentary benefits. This strategic collaboration with Google Cloud is set to significantly enhance the startup’s capability to deliver cutting-edge Web3 solutions.

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Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
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