ππ¦ We're thrilled to announce that Hedgehog Protocol has successfully closed its pre-seed funding round!
Our commitment to simplifying and optimizing blockspace and gas markets has earned the support of key figures and institutions. This gives us a boost to further develop on-chain native derivatives and Modular Synthetic Blockspace.
π Backing from the best in the Industry. Our journey is backed by notable Angel investors:
β’ Vasiliy Shapovalov of Lido @_vshapovalov
β’ Mike Lobanov of Target Global
β’ Banteg of Yearn Finance @banteg
β’ Brian D. Evans of BDE Ventures @BrianDEvans
β’ Ivangbi of lobsterdao @ivangbi_
β’ Danish Chaudhry of Paper Ventures @djchaudhry_
β’ Gareth of Owl Ventures @500altcoins
β’ Joel of Staked .vc @stakedvc
β’ Igor Barinov of Blockscout @barinov
β’ Amplice of Gearbox @amplice_eth
Their collective wisdom and expertise fortify our vision and technology.
π’ Backing also comes from respected institutions and venture capital firms:
β’ Marshland Capital @MarshlandGroup
β’ Tenzor Capital @tenzorcapital
β’ Prometeus Ventures
β’ 3Commas Capital @3commascapital
β’ Nothing Research @ResearchNothing
β’ ZBS Capital @ZBScapital
The backing from these firms lays a solid foundation for our strategic and financial roadmap.
π Our Vision:
Our vision focuses on improving blockchain efficiency by addressing the high demand and costs associated with blockspace and gas. This challenge impacts not only individual users but also applications, infrastructure projects, and protocols that rely on blockchain transactions, such as account abstraction wallets and rollups. Hedgehog Protocol aims to offer solutions specifically for these players to reduce gas costs and enhance operational efficiency.
π Modular Synthetic Blockspace:
We're creating Hedgehog Protocol as a versatile infrastructure layer to answer all on-chain derivatives, whether on Ethereum, Bitcoin, or other blockchains. By transforming blockspace demand into an opportunity, we introduce a new market for synthetic blockspace, starting with Ethereum. This approach not only addresses current challenges but also opens up possibilities for various financial products adaptable to market shifts.
π Read the full article and learn more about the differentiators of Hedgehog:
Medium: https://t.co/uvT1gZR27T
The Block: https://t.co/lmLGR3xRSi
The first set of 20 DaemonPunks will be listed for sale at 8pm UTC today (Monday 7th Feb) - first come first served!
GL all πΉ
https://t.co/hlDoyV2kAT