SMAPE Capital supports modular blockchain service platform Crestal in US$2M pre-seed funding round

Crestal serves as a Dynamic Modular Services Platform for aggregating, optimising, and simplifying the selection of modular blockchain services.

Since the modular service provider landscape is constantly increasing and becoming more complex, ways to efficiently discover, select, and maintain services for any of the unique dApp requirements are becoming more and more relevant. Crestal has developed a marketplace of expertise for such services that should help web3 developers make informed decisions about the architecture stacks and maintenance costs of their dApps.

In their first version, Crestal focuses on data availability services aggregation due to the current high demand for L2 scalability and plans to expand to data storage and compute services in a second step, thus fostering gaming and AI use cases as well.

Key features include:

Competitive Marketplace for Blockchain Services: At the core of Crestal’s ecosystem is a marketplace where ‘solvers’ and ‘workers’ compete to offer optimal infrastructure solutions for builders. This not only ensures that developers have access to high-quality, cost-effective options but also drives innovation among service providers.

Proof of Performance Consensus Mechanism: Crestal offers a verifiable Proof of Performance (PoP), ensuring that every architectural solution implemented is transparent and accountable and is incentivised to constantly meet the Performance requirements of each builder.

Flexible Smart Contracts for Infrastructure Management (IaaSC): With Crestal, developers can deploy customisable smart contracts that automate the orchestration of web3 services.

Investment thesis fit

Crestal is the next in a suite of infrastructure portfolio companies enabling a multi-chain, modular and highly scalable Web3.

Astrid (founder & CIO SMAPE Capital) on Crestal: “Web3 has gone modular and the multitude of choices can sometimes be overwhelming. Crestal makes it easy for developers to find their way to the optimal setup.”

Alex (founder & COO SMAPE Capital) on Crestal: “The proof of performance consensus incentivises quality over quantity and fosters transparency in a competitive market for modular blockchain services. Crestal will be the platform for trusted and verifiable blockchain development.”

SMAPE invested alongside LIF, Cogitent Ventures, Kyros Ventures, Veris Ventures, MH Ventures, Layer Labs, Pragma Ventures, Builder Capital, Nxgen, Artemis Capital and Quotient Ventures, as well as some notable Web3 angel investors.

SMAPE is a team of seasoned investors and industry thought-leaders investing in internet-native ecosystems that are built by value-driven founders, obsessively solving fundamental problems by shaping the future of doing business. If you want to learn more about us, reach out to us — welcome@smape.capital