Decentralized platform Bundlr Network secured $5.2M in Seed Funding Round

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Bundlr Network
 
Bundlr Network, a UK-based decentralized platform to store data on web3, has now secured $5.2 million in a seed funding round.

Bundlr Network is founded by Josh Benaron. It is a decentralized platform that makes it fast and easy to store data on web3, which is critical for the NFTs ecosystem. The multi chain solution enables access to Arweave, is integrated into most platforms, and is multi-chain compatible with Solana, Ethereum, and Avalanche.

Executive Opinion

CEO and founder Josh Benaron, said, "Bundlr is bringing speed and ease to web3 technology. Arweave promises to store your data securely for over 200 years. We are making this future possible by enabling faster and easier access by anyone, anywhere."

Bundlr Network's Latest Funding

The round was backed by Framework Ventures, Permanent Ventures, Arweave, and Hypersphere Ventures, with participation from Race Capital and OpenSea Ventures.

The company, as of now, has plans to use the new funds to go towards scaling its team, mainly in the Rust Developers, business development, and marketing initiatives.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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