Polkadot

Million

Denpasar, Bali / Indonesia, December 9th, 2024, Chainwire
<a href="https://www.mandalachain.io/" rel="noopener noreferrer nofollow" target="_blank">Mandala Chain</a>, an L1 dedicated to connecting government, enterprise, and retail in emerging markets, announces the successful closure of its pre-seed funding round, raising $1 million.
The round was led by Harbour Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem partners. This milestone marks a pivotal step in Mandala Chain’s journey to onboard the next 100 million users into Web3 through its innovative blockchain infrastructure and its focus on addressing real-world challenges in emerging markets.
<blockquote>
 “We are deeply grateful for the confidence our investors have shown in our vision to make blockchain technology accessible and impactful for emerging markets,” said Mathew Paul, CEO of Mandala Chain Foundation. “This funding will drive our efforts to deliver scalable, real-world solutions that empower and bridge the gap between expanding and established blockchain markets”
</blockquote>
<blockquote>
 Max Rebol, CEO of Harbour Industrial Capital, added: “As a Polkadot ecosystem fund, we love to invest into projects that understand how to leverage Polkadot’s next-generation technology stack to enable mass adoption of Web3. We are therefore thrilled to support Mandala Chain in building out services that solve real problems in one of the world’s most dynamic regions.“
</blockquote>
This funding will enable Mandala Chain to scale its operations, build strategic partnerships, and expand its presence in emerging markets. With a focus on deploying practical real-world use cases, Mandala Chain aims to drive meaningful adoption of blockchain technology, starting with key initiatives in Indonesia.
For media inquiries, please contact:
X: <a href="https://x.com/MandalaChain" rel="noopener noreferrer nofollow" target="_blank">@MandalaChain</a>
Email: info@MandalaChain.io
ABOUT
<a href="https://www.mandalachain.io/" rel="noopener noreferrer nofollow" target="_blank">Mandala Chain</a> is the Blockchain where Government &amp; Enterprise applications integrate seamlessly with Public &amp; Retail applications. It is a network built to bridge the gap between Emerging and Global Blockchain Markets. Their first use case is in Indonesia, where strategic resources and partnerships gives them advantages they can leverage to expand into broader markets.
<h5>Contact</h5>
CEO Mathew Paul Mandala Chain Foundation info@mandalachain.io 
The post <a href="https://www.ethnews.com/mandala-chain-powered-by-polkadot-secures-1-million-in-pre-seed-funding/" rel="noopener noreferrer nofollow">Mandala Chain (Powered by Polkadot) Secures $1 Million in Pre-Seed Funding</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Mandala Chain (Powered by Polkadot) Secures $1 Million in Pre-Seed Funding

ETHNews

Other articles published on Dec 9, 2024

Movement Foundation launches Movement Mainnet and MOVE token

Solana Millionaire’s Top Pick: 12,000% Growth Predicted for This $0.0011 Gem

Five verification needs when tokenizing RWAs | Opinion

Riot Platforms to Issue $500 Million in Convertible Notes for Expansion

El Salvador Bitcoin Policy Faces Shift for $1.3B IMF Deal

Crying Kamala (CRYKAMA) Will Explode Over 17,000% Before Exchange Listings, While Shiba Inu and D...

Join our free newsletter for daily crypto updates!