It’s been an exciting few weeks for Blocto, a blockchain-based data platform that has recently secured its Series A funding round. This latest investment has seen the company’s valuation soar to $80 million, cementing its position as one of the most promising projects in the space.
The Series A round was led by venture capital firm Andreessen Horowitz and included participation from Coinbase Ventures, Polychain Capital and other investors. The funds will be used to accelerate development of Blocto’s core product offering – a secure data sharing platform built on blockchain technology which allows users to securely store and share sensitive information with complete control over who can access it.
This news is further evidence that institutional investors are increasingly recognizing the potential of blockchain technology for digital asset management solutions such as those offered by Blocto. With this new infusion of capital, we can expect even more ambitious developments from this innovative project in 2021!
Blocto co-founder Alex Miller said: “We are thrilled about our recent success and what it means for our mission to make secure data sharing easier than ever before.” He went on to say “Our team is committed more than ever towards creating products that will revolutionize how people think about security when it comes their personal assets”.
With growing interest in decentralized applications (dApps) among both developers and consumers alike, there is no doubt that platforms like Blocto have a bright future ahead them – especially given their impressive track record so far! We look forward seeing what they come up with next year!