ColdStack Completes Final Round of Private Funding
ColdStack is happy to announce we have closed our final round of private funding for the project, with GenBlock Capital and JRR Group as our final venture capital backers. We look forward to working with GenBlock and JRR Group as we enact ColdStack’s vision to make decentralized storage accessible for all.
“We are very excited to have GenBlock Capital and JRR Group as backers. They are both some of the biggest firms in blockchain venture capital, and we are proud that they have shown financial support for ColdStack’s project.” said Alexander Shishow, CEO and founder of ColdStack.
About GenBlock Capital
GenBlock Capital is a firm which has focused on making strategic investments in various blockchain projects since 2017. They provide services and consultation regarding topics such as bootstrapping liquidity, token economics, market making, and marketing for projects which they back, in an effort to improve the blockchain ecosystem as a whole. GenBlock Capital has made a number of significant investments, with projects such as Filecoin, Synthetic, 0x, Kyber Network, 1inch, and Bancor. GenBlock makes investments based on technology the firm can envision itself using on an everyday basis.
“GenBlock Capital backs some of the most important projects in blockchain, without question.” said Alexander Shishow. “Their investment in Filecoin in particular shows GenBlock is aware of how rapidly decentralized storage is growing, and they clearly see the potential a project like ColdStack has to dramatically improve this sector. We look forward to releasing a product GenBlock themselves will be able to utilize and see the benefits of.”
About JRR Group
JRR Group is a financial-tech group based in Switzerland, with locations in Shanghai, Hong Kong, and Beijing as well. JRR boasts an AUM of over $2 billion dollars with assets across equity investments, management, digital banking, and market making. JRR seeks to bridge the divide between traditional finance and digital assets. Their investment portfolio includes impressive projects such as Polkadot, BitMain, yearn.finance, Binance, and Fantom.
“JRR has shown a great deal of foresight, with the aim of bringing adoption of digital assets to everyday people. Since ColdStack attempts to make decentralized storage easy to use and access for everyone, even those outside the crypto-community, I would say our goals are definitely aligned.” said Alexander Shishow.
About ColdStack
ColdStack is a Decentralized Cloud Aggregator: it is the world’s first service that aggregates Decentralized Data Storages such as Filecoin. By optimizing storage solutions with its AI-based pipeline, ColdStack provides users with the most cost-efficient and secure way to store their files. ColdStack features a unified Amazon S3 compatible API which allows users to easily access decentralized storage solutions. ColdStack focuses on providing bulk storage for data which is not accessed regularly, but is still required to be stored perpetually. Our tokenization system also allows users to easily create and store their own NFTs, and utilize these assets on any NFT marketplace.
Follow ColdStack
Official website: https://coldstack.io
Twitter: https://twitter.com/coldstack_io
Telegram: https://t.me/coldstackio
Medium: https://medium.com/coldstack
