Openverse Network, an innovative Layer 0 blockchain infrastructure platform dedicated to building the global Value Internet, has successfully raised $11 million in strategic funding. This investment will accelerate the development of its core protocol, mainnet enhancements, and the expansion of its global ecosystem.

Strategic Investment from Leading Institutions

This funding round saw participation from prominent international venture capital firms, including:

-Castrum Capital: A full-stack VC firm inspired by Roman principles, focused on investing in crypto-related startups.

-TB Ventures: An early-stage venture capital fund backing startups in Southeast Asia and North America.

-DuckDAO: A decentralized incubator leveraging community investment power and creativity to help high-potential projects reach their full potential.

-Asva Capital: A leading Web3-native investment and digital asset research firm in India.

The support from these institutions will solidify Openverse Network’s global strategy and accelerate its worldwide ecosystem growth.

Building Core Technologies for the Value Internet  

As a Layer 0 protocol, Openverse Network introduces multiple innovative technologies to enable seamless connectivity between blockchains, the metaverse, and traditional Web2:

-VTP(Value Transfer Protocol): Facilitates cross-chain value transfers, allowing assets to flow freely across different blockchains.

-ONS(Open Naming Service):A DNS-like naming system that maps complex on-chain addresses to human-readable names, improving UX.

-UID (Universal Identity):A decentralized identity system supporting unified identity management across multi-chain environments.

-IBC (Inter-Blockchain Communication):A modular cross-chain communication standard enabling secure interoperability between different blockchain systems.

-U.T(Unified Time):Provides a unified, tamper-proof timestamp to ensure the order and traceability of on-chain events.

High-Performance Mainnet Supporting Multiple Token Standards  

The Openverse mainnet boasts 300,000+ TPS, 0.38-second block generation time, and single-block confirmation, delivering a Web2-like experience for developers and users. Additionally, Openverse supports multiple token standards, including VRC10, VRC11, and VRC12, covering public currencies, private currencies, and digital securities.

Accelerating Global Ecosystem Growth

This funding round will fuel Openverse‘s global ecosystem expansion, encouraging more developers and partners to join in building a more open and interconnected value network.

Openverse Network’s ecosystem includes a block explorer, wallet, developer documentation, GitHub resources, and more, creating a comprehensive environment for development and adoption.

Furthermore, Openverse actively engages in community building through platforms like Telegram, Discord, and X (formerly Twitter), fostering an active community and promoting collaboration between users and developers.

About Openverse Network

Openverse Network is a Layer 0 blockchain infrastructure designed to create a decentralized "Value Internet," enabling seamless value transfers (tokens, NFTs, data) across different blockchains, metaverses, and traditional internet—as easy as sending an email.

Openverse Network’s vision is to establish a decentralized, programmable, and efficient Value Internet, bridging blockchains, the metaverse, and Web2. As a Layer 0 protocol, Openverse offers multiple breakthrough technologies, including VTP, ONS, UID, and IBC, collectively forming a secure, scalable, and high-performance decentralized network.

For more information, visit the official website: https://www.openverse.network/