New York, NY – July 12, 2022 — zbyte, builders of the world’s first decentralized platform (dPlat) technology for blockchain-enabled applications, today announced a $10m token sale led by private investors.
The zbyte project is pioneering a decentralized platform: a category that will enable acceleration of public blockchain adoption by providing citizen developers access to integrated and synergized features, including a low code/no code platform enabling the use of multiple L1 protocols, identity and data connectors for individuals and enterprises, and other modules to create and deploy dApps (decentralized applications), NFTs, and other digital assets. With a decentralized application store under the same umbrella, zbyte is creating an ecosystem and economy of individual and enterprise developers and their customers.
The ecosystem will be powered by the zbyte token, which removes complexity for a multichain ecosystem by enabling payment via a single source. Ensuring that developers and users don’t have to worry about gathering multiple coins to pay multiple protocols for applications and application store transactions will help remove the friction associated with development.
“It is going to be a huge challenge to operationalize Web3 without something like a dPlat,” explains Nitin Kumar, co-founder at zbyte and a thought leader and author of various books and publications on blockchain and cryptocurrencies. “Businesses are looking for new revenue streams and provide better and innovative customer experiences. Organizations integrating with and leveraging Web3 systems will have a significant competitive advantage over those that do not.”
“Having a solution that provides all the tools from login-based wallet management to integrations with existing systems of records under one roof is critical for Web3 adoption of zbyte’s dPlat by various developers and enterprises,” says Ankush Tiwari, a zybte co-founder. “the zPlat one-stop-shop is where developers or enterprises will look to create blockchain-enabled applications, compatible across multiple chains and metaverses with the least friction to deployment.”
This exciting category-creating technology has motivated some high-profile names to invest over $10m in zbyte. Experts in blockchain, security, technology, and financial services have come together to help fulfill zbyte’s vision. ”Understanding the cloud adoption journey of enterprises, the zbyte team identified missing pieces from the Web3 ecosystem hindering blockchain adoption for developers and enterprises. This ecosystem must build the gaps by leveraging a decentralized platform. It is a large business opportunity, and multiple players will revolve around the value chain.” says Eric Moe, co-founder of Opentable and WideOrbit.
Launched by a group of serial entrepreneurs – Krish Kupathil, Ankush Tiwari, Nitin Kumar, and Saurabh Radhakrishnan, the project has been in stealth mode for several months and will be soon be implementing pilot implementations with various Fortune 500 enterprises interested in transitioning to Web3.