INTMAX: Ryodan Systems AG Completes $5M Seed Round Financing

04/13/2023 14:07 • AI & Tech Insights • 62 views

On April 13th, Ryodan Systems AG, the development company of INTMAX, a stateless zk Rollup project for various network services and finance, announced the completion of a $5 million seed round financing. HashKey Capital, Bitscale Capital, B Dash Ventures, SNZ, Scroll, Mask Network, and Alchemy Ventures participated in the investment.

Zk-Rollup project INTMAX completed $5 million seed round financing

Introduction

What is INTMAX?

INTMAX is a stateless zk Rollup project that aims to provide a fast and efficient solution for various network services and finance. zk Rollups are a type of scaling solution that enables high throughput and low fees without compromising on security. The stateless aspect of INTMAX means that it does not rely on a centralized database or state, making it more secure and decentralized than other solutions.

Seed Round Financing Details

The $5 million seed round financing was led by HashKey Capital, a Hong Kong-based investment firm focused on blockchain technology. Other investors included Bitscale Capital, B Dash Ventures, SNZ, Scroll, Mask Network, and Alchemy Ventures. The funds raised will be used to further develop INTMAX and expand its adoption in various network services and financial applications.

What Does This Mean for INTMAX?

The completion of the seed round financing is a significant milestone for INTMAX. It indicates that the project has gained the attention and support of reputable investors in the blockchain industry. The funds raised will enable the development team to accelerate the project’s development and attract more users and partners to adopt the solution.

Future of zk Rollups and INTMAX

The scalability and efficiency provided by zk Rollups have gained significant attention in the blockchain industry in recent years. Many projects, including INTMAX, are working to leverage this technology to provide fast and secure solutions for various network services and finance. As more projects adopt this technology, the demand for zk Rollups is expected to increase, making it a promising area for investment and development.

Conclusion

The completion of the $5 million seed round financing for INTMAX is a significant milestone for the project and the blockchain industry as a whole. The investment indicates the growing interest in zk Rollups and their potential to revolutionize network services and finance. The funds raised will enable the development team to accelerate the project’s development and attract more users and partners to adopt the solution. We can expect to see more innovations and investment in this exciting area of blockchain technology in the coming years.

FAQs

1. What is a zk Rollup?
A zk Rollup is a type of scaling solution that enables high throughput and low fees without compromising on security.
2. What is the stateless aspect of INTMAX?
The stateless aspect of INTMAX means that it does not rely on a centralized database or state, making it more secure and decentralized than other solutions.
3. What will the funds raised from the seed round financing be used for?
The funds raised will be used to further develop INTMAX and expand its adoption in various network services and financial applications.

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