Nirvana Labs Completes Seed Round of Funding

Bittime - Nirvana Labs completed a $4 million seed round of funding with support from Castle Island Ventures and RW3 Ventures. This funding will accelerate the development of their Web3 cloud solution, Nirvana Cloud, which is already being used by large companies such as Chainlink and BitGo.

Nirvana Labs Completes Seed Round of Funding

According to reports from Deep Trend TechFlow and The Block, innovative blockchain cloud computing company Nirvana Labs recently completed a $4 million seed round of funding led by Castle Island Ventures and RW3 Ventures, with additional support from BitGo Ecosystem Fund, Hash3, Third Earth, and Play Ventures. The total funding received by Nirvana Labs in the last six months reached $5.7 million.

What is Nirvana Labs?

Known as a pioneer in the development of blockchain-based cloud infrastructure for Web3, Nirvana Labs offers the Nirvana Cloud cloud solution, specifically designed to meet the needs of businesses in the Web3 ecosystem. This cloud solution has been used by many big names in the encryption industry, such as Chainlink, BitGo, Goldsky, Thirdweb, and Pairpoint.

Impact of Funding on Nirvana Labs

With the recently raised seed funding, Nirvana Labs is expected to accelerate the development and deployment of their cloud solutions aimed at improving the performance and security of Web3 infrastructure and expanding the capacity and reach of their Nirvana Cloud products.

Collaboration With Famous Investors

The involvement of investors such as Castle Island Ventures and RW3 Ventures shows great confidence in Nirvana Labs' potential. These investors have reputations for strong technology and blockchain portfolios, and their support supports the company's vision and strategy.

Nirvana Cloud Implementation

Various encryption companies have found Nirvana Cloud to be an important tool. The product is capable of meeting the high standards required in the ever-evolving Web3 world, as demonstrated by major companies such as Chainlink and BitGo.

Conclusion

By completing a $4 million seed funding round, Nirvana Labs is on track to strengthen its position in the market and continue to generate innovation in the blockchain cloud computing space. Support from leading investors and positive reception from major companies shows that Nirvana Labs is poised to become a major player in the Web3 ecosystem in the future.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.