Orbs raises $118 million to fund development of blockchain platform for large-scale consumer applications

    2018/05/15 14:36 Angel lv Created with Sketch.
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Today, at Consensus 2018, Orbs, the blockchain platform built for large-scale consumer applications, announced it has already raised more than $118 million to fund the development and launch of the Orbs platform, which it will bring to market in June.

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Orbs' goal is to commoditize blockchain infrastructure for large scale consumer applications. Orbs is building a fully decentralized public platform that makes the transition to blockchain easier for the industry as a whole. The platform is specially designed to meet the needs of large scale consumer applications, with a core product experience inspired by well-established infrastructure solutions such as Amazon Web Services (AWS) and familiar terminology like Service Level Agreements (SLA) and dedicated resources. 

"The positive reception of our project is a sign of the confidence our partners have in Orbs, and the demand for a specialized blockchain which can transform the consumer applications marketplace," 

said Uriel Peled, co-founder of Orbs. 

"The consumer applications marketplace is ripe for disruption. Orbs has the unique background and insights to design a blockchain for the specific needs of large consumer application developers."


    Adapted from: CoinTime Executive editor: michelle
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