1. PixelPlaygroundHome
  2. Metaverse Insights

Orbs Secures $10 Million Investment to Develop Cryptocurrency Infrastructure

• Metaverse Insights • 178 views

Orbs Secures $10 Million Investment to Develop Cryptocurrency Infrastructure

It is reported that Orbs, a cryptocurrency infrastructure developer, will raise US $10 million from DWF Labs. Orbs plans to continue to develop its infrastructure to increase adoption, including on the Ethereum Virtual Machine (EVM) chain and Open Network (TON). Orbs recently started to build the first non-EVM Layer 1 on TON.

Orbs, a developer of encryption infrastructure, will raise $10 million

Analysis based on this information:


Orbs, a cryptocurrency infrastructure developer, has secured a US $10 million investment from DWF Labs. The company aims to further improve its infrastructure and increase adoption rates, particularly on the Ethereum Virtual Machine (EVM) chain and Open Network (TON). The recent development of the first non-EVM Layer 1 on TON highlights the company’s commitment to providing more options for users and developers alike.

This investment represents a significant milestone for Orbs as it paves the way for the development of more advanced infrastructure for cryptocurrencies. With the rise of digital currencies, there is a greater need for faster and more secure transaction processing, which Orbs’ infrastructure is poised to deliver. By partnering with DWF Labs, Orbs is able to continue its research and development efforts to bring faster and more secure transaction processing to the cryptocurrency market.

The investment will enable the company to explore different blockchain platforms, as well as to refine its existing infrastructure. Orbs plans to leverage its infrastructure to broaden its appeal to developers, facilitating the coding of more sophisticated smart contracts, and thereby establishing more robust blockchain systems. The company also plans to work on improving user experience in the crypto space, by making it simpler for individuals to transact using digital currencies.

Furthermore, the development of the first non-EVM Layer 1 on TON is an example of Orbs’ commitment to innovation. By building on top of TON, Orbs is pioneering a more diverse and flexible blockchain ecosystem that provides more options for applications and users. This new blockchain system will help create a more resilient market for digital currency transactions and help promote decentralization, transparency, and innovation.

In conclusion, Orbs’ latest investment should be seen as a significant step towards advancing the future of the cryptocurrency world. This development has the potential to benefit not only the blockchain sector but also those who invest in it. By improving infrastructure, Orbs is opening doors to the wider adoption of digital currencies, delivering faster and more secure transactions that will make more people confident to transact using cryptocurrencies. With this latest investment, Orbs is well-positioned to achieve its growth targets, expand its user base and transform the future of the crypto space.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7253/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/14/2023 11:59
Next 03/14/2023 12:18

Recommended articles