Forward Protocol has raised $1.25 million across two series of funding rounds, attracting investment from leading blockchain projects and venture capital groups such as Bitcoin.com, CVVC, AU21, X21, and GDA Capital.
Additional capital came from MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital, Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate, Oracles Investment Group, Marathon Capital, Cuan Ventures, Ardura Capital, and Utopian Capital. Polygon also contributed a grant.
After raising $500k in its seed round, Forward welcomed investment totalling $700k in its private funding round as it draws closer to its goal of building Web 3.0 toolkits for a value-driven economy on a global scale.
‘Making blockchain technology simple to use for non technical people is the next logical step in our progression towards mass adoption of blockchain,’
said Forward Protocol Co-Founder Karnika E. Yashwant. He continued,
“The value-driven economy is the next blockchain revolution.”
‘When you take away the barrier to entry you encourage participation rates to skyrocket,’
said Co-Founder Mitch Rankin.
‘We are adoption focused, providing open-source blockchain tools to enable any organization in any sector to use our toolkits to embrace Web 3.0 in a simple to use, drag and drop, no code environment” .’
Rankin’s statements were echoed by AU21 Alexi Nedeltchev, who added
‘Forward Protocol’s vision of creating Web 3.0 toolkits is revolutionary, and we see them leading this sector while accelerating the adoption of blockchain globally.’