On May 31, the Anoma Foundation, a nonprofit dedicated to advancing blockchain technology, announced they had successfully closed a $25 million fundraising round.
The Foundation’s third round of funding, which was co-led by notable blockchain-focused VC company CMCC Global, marks the beginning of the race to bring the third generation of blockchains to market and replace the current financial system with one that gives control to its users, according to the latest information shared with Finbold.
Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor were some of the major players in the sector that committed funding throughout the fundraising round.
Developing blockchain infrastructure
Anoma’s novel intent-centric architecture represents a new paradigm for developing blockchain infrastructure layers, as shown by the size of the funding round.
Co-founder of Anoma, Adrian Brink, stated:
“Anoma is the first generalized intent-centric blockchain architecture that enables truly decentralized applications, from decentralized DEXs to decentralized rollup sequencers. Compared to existing architectures such as Ethereum/EVM, it makes dApps an order of magnitude more composable and an order of magnitude easier to build.”
Existing Web2.5 applications may now be utterly decentralized due to the innovative primitives introduced by Anoma’s intent-centricity. These apps include rollups, decentralized exchanges, and non-fungible tokens (NFT) marketplaces. The radical design also allows new kinds of applications to thrive that would be impossible to develop using existing architectures.
The $25 million in funding will be used for product development, research and development, strategic partnerships, and ecosystem building, all of which will aid in accelerating Anoma’s goal of widespread adoption of its intent-centric architecture.
Finally, now that this funding round has concluded successfully, it leaves the Anoma Foundation well-positioned to maintain its position as a leader in the blockchain industry.
