Appchain deployment is simplified by the Tanssi protocol, which has attracted considerable VC interest.
Investors have put $6 million into Moondance Labs’ Tanssi appchain infrastructure protocol, which will allow it to build it faster on Polkadot’s platform. Scytale Digital, KR1, and SNZ co-led the strategic fundraising round, which also included blockchain startup firms including Hypersphere, Arrington Capital, Borderless Capital, and Blockchain Founders Fund. Another investor who chipped in was angel Gavin Wood.
A larger Moondance Labs team and improved Tanssi, a protocol to streamline and speed up appchain installations, will be the beneficiaries of the recently raised capital. A permissionless, developer-friendly environment is available to modular appchains launched with the help of Tanssi’s infrastructure technologies, which allow developers to work more effectively.
George McDonaugh, Managing Director and Co-Founder of KR1, noted that the Moondance Labs team has accomplished a lot in the last year, fulfilling Tanssi’s vision of becoming the premier tool for appchain developers. Their expansion of Tanssi beyond Polkadot is something we are thrilled to support.
The purpose of the smart contract infrastructure Tanssi is to streamline the deployment process of application chains, or “specific-application blockchains.” Appchains exist to address a particular use case, as the name implies, rather than to build applications on top of preexisting networks using smart contracts.
More and more ecosystems are placing their bets on appchain models, including Ethereum’s layer-2 blockchains, and the paradigm is gaining popularity. Superchain was the optimistic vision of Optimism, but comparable initiatives are underway at Arbitrum (with the Orbit program) and zkSync (with Hyperchain).
“The team is thrilled to have completed this round, and their attention can now be fully focused on speeding up Tanssi’s development. Providing the greatest developer experience for installing Layer 1s while maintaining security and decentralization has been our primary objective from the beginning of the project,” according to Francisco Agosti, co-founder of Tanssi and moondance labs CEO. “We will keep working toward that goal. For their ongoing support, I’d also want to thank everyone who took part in the round.”
In addition, Tanssi is gearing up to introduce an incentive testnet campaign to bring the community together and highlight the features of the many decentralized applications (dApps) developed on its platform.
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