Relayz Network, a leader in decentralised privacy communication, has successfully wrapped up its seed funding round, drawing in a diverse set of investors.
Noteworthy participants include the NEAR Foundation, Geekcartel, K24 Ventures, Galxe, Israel Blockchain Association, Cogitent Ventures, Bitscale Capital, and Lucidblue.
Placed at the cutting edge of decentralised communications, Relayz is carving out an infrastructure marked by its commitment to privacy, security, and resistance to censorship, particularly in the evolving Web3 space. Their primary dApp, Relayz Meet, embodies this commitment, offering a reliable solution in the realm of digital communication.
One of the primary uses of this funding is to propel Relayz’s mission to establish a decentralised communication framework that champions user privacy and promises secure, top-tier communication.
Further adding to their repertoire, Relayz is currently beta testing the “RelyNet” on their testnet. RelyNet stands as a cornerstone in their vision for an authentically decentralised network, encouraging any willing individual to take up the mantle of a node operator. This direction ensures a further spread of decentralisation, ramping up the network’s resilience and security.
Relayz CEO and co-founder FM remarked, “This funding round will enable us to accelerate our mission of providing a decentralised communication infrastructure that respects user privacy and ensures secure, high-quality communication. We are grateful for the trust and support of our investors, who share our vision for a more secure and private digital communication landscape.”
The team at Relayz remains buoyant about what the future holds and is dedicated to their pursuit of shaping a truly decentralised communication grid. Their message to their supporters? Keep an eye out for more updates and a heartfelt thank you for their unwavering support.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
