Gradient Protocol announces second funding phase with Fjord Foundry following successful seed round for innovation within the liquid staking space on the Bittensor network.
Gradient Protocol announces second funding phase with Fjord Foundry following successful seed round for innovation within the liquid staking space on the Bittensor network.
03/28/24, 12:11 PM
Location
new yorkIndustry
artificial intelligence
software
Investors
Fjord Foundry
Gradient Protocol is pleased to announce its second funding phase taking place on Fjord Foundry, following a successful conclusion of the private seed round. The proceeds from the second funding round will be used to scale up the protocol’s validation capacity, open up new validators, fund liquidity of the GDT token, and support marketing and developmental activities to strengthen the protocol’s growth. They aim to diversify network validation processes, bootstrap liquidity for its GDT token, and transition to a more decentralized and transparent platform.
Company Info
Location
new york, new york, united states
Additional Info
Gradient Protocol developed from an innovative vision to set the stage for the liquid staking landscape within the Bittensor network. By leveraging the power of decentralized staking methods, Gradient aspires to offer a sustainable, high-yielding, and truly decentralized platform. The protocols growth is marked by significant milestones in network validation diversity, and highlights its potential to further substantiate the growth of the TAO network as a whole.