Crestal Closes Oversubscribed $2m Pre-Seed Round.
Earlier this year, ex-TRON Head of Engineering Eric Chen, and ex-Polygon Business Director Marouen Zelleg have set on a mission to create the most efficient and credibly neutral platform where web3 builders discover, deploy and fairly pay for optimized modular services that evolve with the needs of their projects.
Today, we’re thrilled to announce that Crestal has successfully closed a pre-seed funding round, raising $2 million. This milestone is not just a testament to the potential of our vision but also a strong endorsement from some of the most respected names in the industry.
This first round saw participation from a blend of institutional investors and prominent angels that believe in our mission to streamline Web3 infrastructure development. Notable investors include LIF, Cogitent Ventures, Kyros Ventures, Veris Ventures, SMAPE Capital, MH Ventures, Layer Labs, Pragma Ventures, Builder Capital, Nxgen, and Artemis Capital and Quotient Ventures.
Alongside industry veterans Sandeep Nailwal, Loi Luu, Thomas France, Hassan Ahmad, Chef Icy, Heslin Kim, Andrew Vranjes and Paul Taylor; who bring a wealth of experience and resources to the table. Their confidence in Crestal underscores the urgent need for innovative solutions in the rapidly evolving modular blockchain landscape.
“Crestal uses a very innovative approach to solve DApps’ conundrums in DA and beyond, and brings Web3 modularity to a new dimension. “— Nicole Zhang, LIF
The funds raised will be strategically utilized to accelerate our Testnet development, scale the team and engage with our community.
Thank you for being a part of our journey.
For the latest information, follow us @crestalnetwork
About Crestal:
Crestal operates a decentralized platform that aligns the specific needs of Web3 projects with modular services architecture, designed, deployed and maintained by independent Expert Teams.
Once deployed, the Crestal blockchain rigorously monitors the services and benchmarks them through a Proof of Performance (PoP) consensus algorithm.
This PoP underpins a transparent incentive mechanism, motivating the independent Expert Teams to continuously refine and optimize their services. The result is high-quality applications ran efficiently across any blockchain of choice.
Contact Information:
For media inquiries: pr@crestal.network
For partnerships opportunities: collab@crestal.network
For career opportunities: careers@crestal.network
