Infinite

Partner

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 Quick take: 
 <ul> 
 <li>Artela has raised $6 million in a seed round led by Shima Capital.</li> 
 <li>The fundraising also attracted participation from A&amp;T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, and Amino Capital, among others.</li> 
 <li>Artela will use the funds to accelerate the development of its highly scalable base-layer blockchain network.</li> 
 </ul> 
 Artela has completed a $6 million funding round led by Shima Capital. The company is building a base layer blockchain network to enable the development of infinitely scalable dApps.&nbsp; 
 Shima Capital was joined in the seed round by A&amp;T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, and Amino Capital, among others. 
 According to the company’s website, Artela uses aspect programming, a coding mechanism that supports the dynamic creation of native extension modules for blockchain at runtime. This empowers developers to add user-defined native extensions and build feature-rich dApps, enabling more on-chain programmability.&nbsp; 
 Commenting on the fundraising, Founder and CEO of Artela Jerry Li <a href="https://www.businesswire.com/news/home/20230712342608/en/Blockchain-Infrastructure-Startup-Artela-Raises-6-Million-in-Seed-Round-Led-by-Shima-Capital" target="_blank" rel="noopener noreferrer nofollow">said</a>: “The seed round marks an important step for Artela, enabling us to fuel Artela’s technology development, grow the team, and drive market expansion efforts. We’re excited to onboard a diverse yet like-minded investor base, which helps build a solid foundation for future growth.” 
 On the other hand, Yida Gao, Founder &amp; Managing General Partner of Shima Capital commented: “With Artela, it is possible to achieve effects that are similar to those of a conventional full-featured operating system, enabling more comprehensive and advanced tasks that are not possible with existing blockchains.” 
 Artela’s is set to release the whitepaper for its user-defined extension Aspect later this year. The extension enhances programmability while maintaining compatibility with smart contracts. 
 Artela Programming offers developers a software development kit and a web assembly required to build native extensions on Artela.&nbsp; 
 The Artela blockchain network can be used to build light dApps like <a href="https://www.nftgators.com/what-is-an-nft/" rel="noopener noreferrer nofollow">NFTs</a> and DeFi, as well as, incorporate specific functionality to dApps like on-chain automation and transaction privacy, among other features. 
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 The post <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com/artela-secures-6m-seed-round-to-bring-infinite-scalability-to-the-blockchain/">Artela Secures $6M Seed Round to Bring Infinite Scalability to the Blockchain</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com">NFTgators </a>.
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Artela Secures $6M Seed Round to Bring Infinite Scalability to the Blockchain

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