Tharsis, Developer of Evmos Blockchain, Raises $27M Funding in Token Distribution Round

Tharsis, the creator of the Evmos blockchain, has announced that it has raised $27M in funding at an undisclosed valuation in a token sale round led by Polychain Capital. Participants in the tour included Galaxy Digital, Huobi and HashKey.

Funds Usage

Federico Kunze Küllmer, the co-founder of Tharsis, said in a statement that the team would use the collected funds to accelerate the development of decentralized applications in the Evmos chain.

“As we look ahead, we’re excited to be empowering dApp builders with the best place to launch their products by enabling native interoperability, aligning developer incentives with the use of their dApps,” Kunze Küllmer, co-founder of Tharsis

About Evmos

Launched in April, Evmos aims to be a leading Cosmos-based blockchain that offers compatibility with Ethereum through the Ethereum Virtual Machine (EVM), the computing environment used by Ethereum developers. Tharsis aims to make Evmos more attractive for Ethereum developers thanks to EVM.

Over the past few years, EVM has become the most widely used computing standard for developing smart contracts.

References

theblock