Scytale Digital Invests in Tanssi: Appchain Infrastructure for the Polkadot Ecosystem

Scytale Digital is pleased to announce its recent investment in Tanssi, an appchain infrastructure protocol. Moondance Labs, the team developing the Tanssi, has successfully raised $6 million in a strategic funding round. The round was co-led by venture capital firm Scytale Digital, KR1, and SNZ Capital with participation from an array of significant investors in the blockchain space, such as Arrington Capital, Borderless Capital, Wormhole Crypto Cross-Chain Fund, Hypersphere, and Blockchain Founders Fund, among others.

Tanssi's integration within the Polkadot ecosystem addresses key challenges faced by developer teams building early-stage projects. With Polkadot's robust technological foundation, Tanssi complements existing offerings, facilitating smoother appchain development. Tanssi's potential to leverage Polkadot's resources for broader market applications positions it for significant growth, benefiting both Polkadot's demand and Tanssi's success.

Francisco Agosti, Tanssi's founder, embodies the qualities of a visionary leader essential for driving the platform's success. With a proven track record of professionalism and dedication, Francisco's leadership will undoubtedly propel Tanssi towards its full potential. Led by Gorka Irazoqui, Vice President of Engineering, Tanssi also boasts a seasoned tech team poised to accelerate project deployment for those seeking appchains. Gorka's previous experience at Moonbeam and deep understanding of the Polkadot ecosystem underscore his ability to drive Tanssi's technical advancements forward.

Tanssi's core strength lies in its adept execution of business development strategies. Demonstrating proficiency in project funnel management and successful project onboarding, Tanssi's track record speaks to its ability to navigate the complex landscape of blockchain development, a trait expected to translate seamlessly upon Tanssi's move to Mainnet. Scytale Digital is excited about the future prospects of Tanssi and looks forward to supporting its growth trajectory within the dynamic Polkadot ecosystem.

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About Scytale

Scytale is a digital asset manager with a focus on blockchain solutions. The company was an early adopter/investor in blockchain with Horizon Fund I in 2017. Horizon Fund II closed in early 2022. Scytale largely invests in projects building real world solutions across different Web3 ecosystems.To date, Scytale Horizon II has invested in 17 projects with a diversity of offerings, which include gaming, music, real-world assets, security, as well as blockchain and metaverse infrastructure, among others. Learn more at https://scytale.digital.

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About Tanssi

Tanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. By connecting a chain to Tanssi, it is instantly transformed into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC endpoints, indexers, oracles, and more. As a result, appchains can be deployed in just minutes—a significant improvement over the typical months-long process. Learn more at https://tanssi.network.