The company, founded by two former Coinbase employees, secured $5.3 million to accelerate the development of Web 3 infrastructure and tools.
Scale3’s first product, called Autopilot, aims to simplify and automate the process of setting up, monitoring, and upgrading blockchain nodes. Open source tooling will be used to provide node operators with node and network telemetry, community intelligence, and ecosystem-specific insights on its dashboard, it added.
Ola Muse added that the team has decades of infrastructure experience to tackle the problem of much-needed standards and tools fornetwork and node operations. Muse commented that it currently takes about eight hours for operators to update their nodes, but Scale3 can reduce that time to less than 20 minutes.
The first blockchain network to be supported by Scale3 is MystenLabs’ Sui ecosystem, and expansion for other networks is planned for the fourth quarter.Bear markets are often used to build better infrastructure and invest more in research and development. This has been the case during the 2022 crypto winter asCrypto markets are currently down a percentage point or so on the day, dipping below the $1 trillion total capitalization again.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
DeFi startup Arch raises $5 million to become the 'BlackRock of web3'DeFi startup Arch raised $5 million in an oversubscribed seed round co-led by Digital Currency Group and Upload Ventures.
Les mer »
Key moments from Donald Trump's Nevada rallyThe former president rallied in Minden near Lake Tahoe to shore up support for Nevada Republicans.
Les mer »
Philadelphia Fire Department Battalion Chief battles brain tumor, inspires fundraising for a cureAt the 17th annual Race for Hope, members of the Philadelphia Fire Department raised thousands to support one of their own who is battling a brain tumor.
Les mer »
Plano Concert Raises Support and Awareness for UkrainePlano families gathered Saturday night to support Ukraine, a country in need of support seven months into a Russian invasion.
Les mer »
2022 Walk to End Alzheimer's in Chicago helps raise funds for care, support, researchHundreds participated in the 2022 Walk to End Alzheimer's Saturday in Chicago to help raise funds for the care, support and research of the disease.
Les mer »
US Postal Service fraud scheme involved nearly $5M in losses, more than 80 chargedMore than 80 people have been charged in a mail scheme in which checks were stolen from the mail, totaling nearly $5 million in losses, authorities said.
Les mer »