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Web 3.0 Scalable Infrastructure Syndica Secured $8 Million In Financing With The Support From Billionaire Chamath Palihapitiya

Mary Liu

Summary: Syndica, scalable infrastructure for Web 3.0 and Solana blockchain, announced the completion of an $8 million financing round, as first reported by Forbes. The round was led by Social Capital--billionaire investor Chamath Palihapitiya's VC firm, Jump Capital, and Kindred Ventures. Others Investors include Alameda Research, Solana Ventures, CoinShares, DeFiance Capital, Spartan Group, MGNR, Resolute VC, and ...

Syndica, scalable infrastructure for Web 3.0 and Solana blockchain, announced the completion of an $8 million financing round, as first reported by Forbes.

The round was led by Social Capital--billionaire investor Chamath Palihapitiya's VC firm, Jump Capital, and Kindred Ventures. Others Investors include Alameda Research, Solana Ventures, CoinShares, DeFiance Capital, Spartan Group, MGNR, Resolute VC, and Untamed Ventures. 

Syndica aims to provide an intermediate layer that Web 3.0 lacks through remote procedure call (RPC) nodes. These servers allow decentralized applications to read and write data to the blockchain. In addition, Syndica is launching a set of tools and APIs for developers, including advanced logging and RPC usage analysis. 

The team said that the products are currently running in a private test version, and the public test version is expected to be launched within three to four weeks. The final launch is set for the first quarter of next year.

By Mary Liu

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