SolRazr is raising $ 1.5 million to build a decentralized developer ecosystem for Solana

Solana-based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain that includes Launchpad, Accelerator and Developer Tools, as stated in a publication shared with CryptoSlate.

The protocol is the first decentralized developer ecosystem for Solana and offers launchpad, accelerator and developer tools. “We believe DeFi should mean that everyone has the opportunity to invest in a project that can help shape their lives. We decided to build and host our platform on Solana, which is the future of DeFi & Web 3.0, ”the team said in a statement.

SolRazr wants people to build on Solana

SolRazr was created to be the premier fundraising and developer platform for projects building on Solana and aims to support the growth of decentralized finance (DeFi) in the high performance network.

“Solana will power SolRazr to help projects raise capital at lightning speed and help investors contribute to negligible transaction costs,” said Sreekanth Kalapur, co-founder of SolRazr, in a statement. He added:

“The platform is not only fast and inexpensive, but also secure and bot-safe and offers the SolRazr community fair and really decentralized allocations. SolRazr is not just a launchpad: We are building a platform with a variety of developer tools that will help everyone quickly build on Solana. “

SolRazr will have a unique retail investor allocation model using NFTs on Solana – a blockchain 50,000 transactions per second (TPS) thanks to coordinated optimizations. Transactions are also natively processed in parallel by GPU hardware, with Solana being the industry’s only multi-threaded blockchain.

“Blockchains and cryptocurrencies are gaining acceptance with growing interest from institutional investors,” said SolRazr co-founder Vijay Kalangi. “However, we are still very early and have not even achieved 1% of global technology acceptance in digital assets and projects.

“Watching SolRazr evolve into the platform we have today has been really amazing. We’re just scratching the surface of what the full-service SolRazr ecosystem is capable of, and look forward to introducing this shortly. “

SolRazr recently closed a $ 1.5 million financing round from Moonrock Capital, Ascensive Assets and Morningstar Ventures. Several well-known funds such as Genesis Block Ventures, Divergence, Genblock Capital, CMS Holdings, ZBS Capital, PANONY and Skynet Trading participated in the round, while angel investors such as Sam Kazemian from Frax Finance, Leo Cheng from CREAM, Santiago R Santos and Chris McCann also helped.

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