Decentralized blockchain platform Zbyte has raised $10 million led by private investors.
According to Zbyte, the entity will also embark on a public token offering launching the ZBYT token towards Q4 of 2022. Zbyte will leverage the developer talent available here in India and make a significant impact on the developer ecosystem.
Founded by Nitin Kumar, Krish Kupathil, Ankush Tiwari and Saurabh Radhakrishnan, zbyte is creating a new category in blockchain, the decentralized platform (dPlat). dPlat removes the complexity of wallet management and enterprise connectors and allows developers and enterprises to develop dApps on existing protocols via zbyte’s low-code\ no-code platform.
The platform enables the Web 3.0 ecosystem by removing the complexity for developers and enterprises to develop dApps. The zbyte dApp store creates a thriving ecosystem for developers and users by allowing them to upload dPlat-enabled apps that leverage the public blockchain.