The team hopes to deploy the newly raised capital toward ecosystem development., raised $27 million at an undisclosed valuation in a token sale round led by Polychain Capital.The team hopes to deploy the newly raised capital toward accelerating the development of decentralized applications in the Evmos network ecosystem, Tharsis co-founder Federico Kunze Küllmer said in a statement.
“As we look ahead, we’re excited to be empowering dApp builders with the best place to launch their products by enabling native interoperability, aligning developer incentives with the use of their dApps,” Küllmer said. Launched in April, Evmos aims to position itself as a leading Cosmos-based blockchain that offers compatibility with Ethereum via Ethereum Virtual Machine , a computing environment used by Ethereum developers. Tharsis hopes EVM will make Evmos more appealing to Ethereum developers.
Over the last few years, EVM has become the most widely adopted computing standard for developing smart contracts. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Vishal Chawla is a reporter who has covered the ins and outs of the tech industry for more than half a decade. Before The Block, Vishal worked for media firms like Crypto Briefing, IDG ComputerWorld, CIO and Analytics India Mag.