Tableland has raised $8 million in a Series A round of funding, with CoinFund serving as the lead investor.
CoinFund Leads $8 Million Round for Tableland
Multicoin Capital, Blueyard, and A Capital are additional investors in the round. The entire amount of funding for the decentralized database firm is now $10.4 million. The money will go toward launching the decentralized database firm’s mainnet, introducing new development tools, and launching Tableland Studio later this year.
What Does Tableland Do?
A permissionless relational database from a New York-based decentralized database firm uses SQL, the structured query language that programmers use to communicate with databases, to produce reusable data “blueprints.” For decentralized games, applications, and NFTs, developers are able to construct sophisticated relational data models.
The on-chain assets that makeup the decentralized database firm’s tables can be organized into models and managed by customized authentication or permissions. Tables can be created, data can be inserted or retrieved, and users can be allowed to contribute to a database.
“Tableland integrates a battle-tested database into EVM-based smart contracts for the first time. The ease and familiarity of SQL combined with a network of pre-built, composable data models will make it possible for developers to turn ideas into dapps faster than ever before.”
Tableland co-founder Andrew Hill
When will the Test Network be Operational?
The production mainnet will launch in early 2024 after the incentive-based testnet, which is scheduled for this year’s fourth quarter. Tableland Studios, a platform for developers to construct and reuse relational database models, is getting ready to launch its beta testing program.
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