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Bware Labs (BWR) Raises $1.2 Million to Release First-Ever Decentralized API Marketplace

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Mon, 05/24/2021 - 15:38
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Vladislav Sopov
Bware Labs (BWR) that addresses decentralized API management shares the results of its successful strategic funding round
Bware Labs (BWR) Raises $1.2 Million to Release First-Ever Decentralized API Marketplace
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Bware Labs (BWR), a team that connects end users and node providers through API instruments, has accomplished another ambitious milestone on its roadmap.

$1,200,000 raised by Bware Labs (BWR) from top VCs, Ascensive Assets onboard

According to a press release shared with U.Today, Bware Labs (BWR) just completed a strategic private funding round. The total amount of funds raised nets $1.2 million.

Bware Labs concludes funding round
Image by Bware Labs

The latest round was led by Ascensive Assets, a VC fund focused on early-stage crypto-oriented startups. Also, the teams at Morningstar Ventures, Moonrock Capital, The Spartan Group, Genesis Block Ventures, Waterdrip Capital and Vendetta Capital have contributed to the round.

Blockchain projects Avalanche Foundation (AVAX) and Ankr (ANKR) took part in the Bware Labs (BWR) funding round as well.

Flavian Manea, Bware Labs (BWR) co-Founder and CEO, stressed that a multi-network approach to node connection provision is in focus for his team:

Our goal is to democratize access to blockchain nodes, so that developers across all ecosystems have the tools they need to build and improve across multiple networks. We are very glad to have received such impressive support from reputable VCs and tech companies alike. I am truly excited for the future of Bware Labs.

Ethereum (ETH), Avalanche (AVAX) and Binance Smart Chain (BSC) will be the first platforms for the deployment of Bware Labs' (BWR) infrastructure.

Bware Labs (BWR) introduce staking to advance the reliability of nodes

Bware Labs (BWR) brings decentralization to the B2B segment of API marketplaces. It provides access to WebSockets and RPC and allows users to purchase a subscription plan through MetaMask.

Payments are shared between Bware Labs and external node vendors. To ensure the reliability of node connection, BWR token staking is implemented.

In the next stages of Bware Labs' (BWR) progress, Elrond, Polkadot and Polygon (ex-Matic) will be integrated into the Bware Labs ecosystem.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)