Join Our Mailing List
Monday September 25, 2023
Bitcoin (BTC) $26,146.01   Ethereum (ETH) $1,575.05
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Token Offerings/Listings

Bluzelle closes $19.5m funding from ICO to build decentralized internet

Published by CryptoNinjas.net
01/22/2018
Bluzelle appoints Ethereum core developer and original creator of Ripple to advisory board

Bluzelle, the decentralized database provider, has closed its Initial Coin Offering (ICO) having raised $19.5m in order to develop its decentralized database technology and fill the missing piece in the decentralized internet. The sale was unlike ‘FOMO ICOs’ where buyers are given little time to get their orders in and ‘Fear Of Missing Out’ tactics are used to ensure a mad dash to sell out. Instead, buyers were assembled into groups and given 24 hours to make their purchases.

On day one, 360 buyers took part, which was an 85% turnout for Group 1. On day two, 6,698 buyers took part, which was a 95% turnout for Group 2. By day three, there were just under 2 million tokens left of the 165 million made available for sale and both previous groups were able to take part on a first-come-first-served basis. This final round sold out in under 5 seconds.

In total, 500 million tokens had been generated, so the 165 million that were sold represented 33% of the total. Investors included Kenetic Capital, Hashed, Kryptonite 1 and 8 Decimal Capital.

Pavel Bains, CEO Bluzelle

Bluzelle CEO Pavel Bains, who is set to speak at the NEO DevCon in San Francisco later this month, said:

“Selling out the crowdsale is a huge milestone in the growth of our company and our journey to deliver a product that will be a key component of the new, better Internet. We have been into this technology for years and the CEOs and CTOs we work with are just as enthusiastic as us about the product, technology and the future. With this funding, we will now be able to bring our decentralized database to everyone.”

Bluzelle’s product fills a major missing piece in the decentralized internet because it provides data storage and management that hasn’t been available up to now. While the need for file storage systems is being served by the likes of Filecoin and Storj, dApp developers also need data storage & management systems that are flexible enough to allow fast and simple data queries if they are to continue building the full range of services that are possible on the decentralized internet. Bluzelle is the decentralized database that solves this problem.

The company’s impressive advisor list demonstrates how significant the blockchain community considers this technology will be. It includes Brian Fox, creator of GNU Bash, Alex Leverington, one of the original Core Ethereum developers, Prashant Malik, co-creator of Apache Cassandra and Ryan Fugger, the original creator of Ripple.

Bluzelle, which was founded in Canada in July 2014 used to focus only on payment systems. However, it relocated to Singapore in February 2016 to take advantage of Asia’s growth potential and provide blockchain infrastructure for on-premise deployment to clients that include AIA, Maybank and Temenos.

In August 2017, it raised $1.5 million in a Series A funding round that was backed by venture capital firms Global Brain, LUN Partners Capital and True Global Ventures. In October, the company was named in Forrester’s ‘Vendor Landscape: Blockchain Technology Providers in Asia Pacific’ report. Bluzelle is also a recipient of technology pioneer by the World Economic Forum.

54
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Testnet for decentralized data storage network Bluzelle now live

03/09/2020
Testnet for decentralized data storage network Bluzelle now live

Bluzelle, the decentralized data storage network, announced today that the first version of its CURIE testnet is now available to the public. This marks a major technical milestone before the official release of CURIE...

Read more

Distributed data service Bluzelle to integrate Cosmos

12/02/2019
Distributed data service Bluzelle to integrate Cosmos

Bluzelle, a distributed key-value store edge caching service providing high-performance and high availability, has announced it will be pushing back its 'Curie' mainnet launch to the end of March 2020. This is being done...

Read more

Blockchain data service Bluzelle will host mainnet nodes on Ankr Network

09/25/2019
Bluzelle to host mainnet nodes on Ankr Network's distributed cloud

Ankr, a distributed cloud computing network, today announced that Bluzelle, a blockchain-powered data delivery network, will utilize the Ankr cloud infrastructure. Ankr’s distributed network of geographically dispersed data centers, immune to localized outages, is...

Read more

Bluzelle to collaborate with IoTeX for IoT device and app optimization

08/26/2019
Bluzelle to collaborate with IoTeX for IoT device and app optimization

Bluzelle, a decentralized data ecosystem that gives individuals and businesses full control over monetizing their data, and privacy IOT blockchain platform IoTeX, have announced they will collaborate on optimizing the performance of the next...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy