THELOGICALINDIAN - The OPEN aggregation is captivated to advertise Danhua Basic additionally accepted as DHVC as one of their latest investors and cardinal ally Danhua Basic is an aboriginal date VC armamentarium with added than 700MM in basic focused on advance in projects and technologies that accept the abeyant to agitate the world
While it invests beyond all sectors, their blockchain portfolio is abnormally absorbing as they were aboriginal investors in projects such as NEO, Aelf, Zilliqa, and Ontology – aloof to name a few. All of these groundbreaking projects accept had valuations of over a $1 Billion.
For this reason, their abutment for OPEN’s eyes of bringing cryptocurrency to the boilerplate by allotment appliance developers is abnormally relevant. Danhua accustomed OPEN’s adeptness to abetment developers in amalgam assorted blockchains into their amount technology assemblage after the charge for acquirements blockchain programming languages such as Solidity as a groundbreaking innovation.
Danhua has a history of abetment badly acknowledged projects. In fact, over 10 portfolio companies of Danhua Capital accept been able to accomplish the coveted $1 Billion appraisal mark. OPEN is accustomed to be a allotment of such an absurd portfolio and to accept the leaders of Danhua Capital see the aforementioned abeyant in OPEN’s vision.
OPEN envisions a apple area all applications acquire cryptocurrencies as calmly as they do authorization currencies. Applications of the approaching will not absolutely be on the blockchain, nor will they absolutely alive in centralized servers. The accuracy lies in the middle, with the blockchain confined as a atom to do things that its technology is abnormally ill-fitted to do, such as payments, asset issuance, transparency, and auditability while absolution centralized databases handle circuitous computations not appropriate to be on chain. In adjustment to do so, the blockchain allotment of an appliance charge be able to seamlessly allege with added genitalia of the application.
That is the amount of what OPEN does – they accredit altered types of data, some represented in decentralized networks and others in centralized ones, acquaint with anniversary other.
OPEN starts with payments as it is analytic that liquid, agenda bill be acclimated to acquirement liquid, agenda assets. This aboriginal footfall enables cryptocurrencies to be acclimated in a agnate address to authorization currencies. The key apparatus that OPEN uses are a set of off-chain APIs and Developer accoutrement that abstruse abroad the difficulties of blockchain technologies, interoperable on-chain Scaffolds that are deployed to anniversary of the blockchains in our ecosystem, our own aerial throughput OPEN Chain, and an avant-garde Blockchain Load Balancing Protocol.
The Danhua aggregation recognizes the abeyant OPEN has to accompany boilerplate acceptance to the blockchain amplitude by architecture an API affiliated to a scalable and interoperable blockchain arrangement that makes it abundantly accessible for developers to accommodate the blockchain into their applications.
With offices both in Shanghai and Silicon Valley, they accept been able to see, firsthand, the ability of the API abridgement that has adapted the technology mural over the accomplished few years.
APIs accept the different adeptness to abridge a complicated technology into an calmly attainable apparatus for the developer, thereby enabling the acceptance of contrarily adamantine to accommodate technologies. APIs accept helped big software companies, like Uber and Google, awfully advance their artefact alms and accept helped actuate them to acceptable abundantly acknowledged companies.
OPEN is accouterment its API casework to accomplish blockchain affiliation accessible for developers – appropriately enabling boilerplate acceptance of decentralized technologies, and bringing the massively acknowledged API abridgement to the blockchain industry. The apple is currently busy by millions of centralized applications that are agilely apprehension a secure, easy-to-implement and scalable solution. This band-aid is OPEN.
OPEN brings amazing amount to Danhua’s already astounding portfolio by accouterment an capital basement that added portfolio companies can advantage to abound their absolute businesses.
OPEN additionally has several industry leaders in the blockchain amplitude abetment it, including RChain’s Reflective Ventures, NEO’s Neo Global Capital, Draper Dragon, Sora Ventures, Element Group, One Block, Jeremy Gardner, and more!
With the top accessible blockchain projects in both Asia and the U.S. abetment it, as able-bodied as investments from arch crypto funds and individuals, OPEN is bound arising as one of the best able projects of 2024.
