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Reading: LightLink Secures $4.5 Million Seed Funding for Digital Ecosystem Expansion
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COINTURK NEWS > Economy > LightLink Secures $4.5 Million Seed Funding for Digital Ecosystem Expansion
Economy

LightLink Secures $4.5 Million Seed Funding for Digital Ecosystem Expansion

In Brief

  • LightLink raises $4.5 million in seed funding.

  • Translucia project to blend virtual and physical worlds.

  • Investment marks a significant milestone for LightLink.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Layer-2 initiative LightLink has secured $4.5 million in seed funding in a round led by Thai media company T&B Media Global and real estate developer MQDC. This investment signifies an important milestone for LightLink, which embarked on a mission to revolutionize both virtual and physical worlds.

Contents
“Translucia”: A Bold Step into a MultiverseDiverse Investor SupportPellar Technologies: Empowering InnovationA Vision for the Future

“Translucia”: A Bold Step into a Multiverse

LightLink’s technology will play a crucial role in supporting the ambitious “multiverse project” Translucia. This innovative initiative aims to offer users a unique and immersive experience by seamlessly blending virtual and physical realms.

Supported by T&B Media Global and MQDC’s $300 million fund, Translucia represents a groundbreaking collaboration with a shared vision of creating a user-friendly digital ecosystem.

Dr. Jwanwat Ahriyavraromp, founder and CEO of T&B Media Global, expressed his excitement about the partnership, stating, “This collaboration is an ideal match towards our shared goal of creating a connected, user-friendly digital world that spreads happiness.”

Diverse Investor Support

In addition to T&B Media Global and MQDC, LightLink’s seed round saw participation from other key investors such as JellyC, Aweh Ventures, Blue7, and B3V. This diverse investor support underscores the confidence in LightLink’s vision and technology.

The announcement on Tuesday came right after LightLink’s recent partnership with Animoca Brands, further solidifying its market position. Described as an Ethereum $2,488 Layer-2 Blockchain that enables DApps and businesses to offer users instant, gasless transactions, LightLink is gearing up for significant growth and adoption.

Pellar Technologies: Empowering Innovation

Behind LightLink’s advanced technology is Pellar Technologies, a leading player in the Blockchain space. Pellar Technologies brings invaluable expertise to the table with a history of creating over 50 Blockchain projects for major organizations in the APAC region since 2017.

LightLink’s impressive performance, being in the top 10 for transaction volumes among rollups and having over 215,000 unique wallet addresses operating on-chain, speaks volumes about its potential.

A Vision for the Future

Roy Hui, co-founder and CEO of LightLink, shared his optimism for the future, saying:

“The funding we received allows us to focus on making Blockchain as intuitive as traditional web platforms and emphasize gasless transactions.”

With continuous innovation and strategic partnerships, LightLink is preparing to redefine the digital landscape and pioneer new possibilities in the multiverse. As the boundaries between virtual and physical worlds blur, LightLink stands at the forefront of innovation, driving positive change and shaping the future of technology.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 11 September, 2024 - 10:58 am 7 February, 2024 - 1:19 am
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