Web3 infrastructure platform zbyte raises $4M led by Cartography Capital and Quarterback Financial

Web3 infrastructure platform zbyte has raised $4 million in a funding round led by Cartography Capital and Quarterback Financial. Interestingly, the startup has also received an additional commitment of $1 million from investors.

Launching zbyte's Mainnet

As part of the development, zbyte is launching mainnet, a fully developed and deployed blockchain protocol is designed to bridge the gap between Web2 and Web3 technologies.

The mainnet features a low-code, no-code module, enabling Web2 developers to create decentralized applications (dApps) without the need for reskilling. It is aimed at addressing the scarcity of developers in the Web3 domain and allows for dApp development across multiple public blockchains.

Dan Quintero of Cartography Capital said, “Investing in zbyte was a strategic decision for us. Their vision of making Web3 accessible to the masses and their commitment to simplifying the development process is truly groundbreaking. We believe zbyte is set to be a key player in scaling Web3 adoption.”

Expanding reach and capabilities

With this round of funding, zbyte plans to expand its reach and capabilities significantly. The startup intends to onboard various developer communities, organize hackathons, and bring the power of Web3 to businesses and developers across different domains and use cases.

Co-founder Krish Kupathil outlined the ambitious roadmap, which includes leveraging the zbyte platform to decentralize and empower the zbyte community.

Aims to tap Indian developer market

zbyte considers India a critical developer market and aims to tap into this potential through its campus chain programme with various universities. The development is part of its broader strategy to foster innovation and development in the Web3 space, particularly in regions with a high concentration of talent and potential for growth.

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