The world’s first metaverse protocol Caduceus has raised $4 million in an over-subscribed Series A round jointly led by Susquehanna International Group, the leading trading and technology firm and BlockFills, the leading market disruptive technology firm for cryptocurrency.
The funds will help the future development of decentralized rendering and edge cloud computing as part of the Caduceus Metaverse Protocol. Caduceus utilizes decentralized rendering and edge computing along with extended-reality technology to bring developers, creators, and users an unmatched metaverse experience.
The round values Caduceus at $80 million. Currently, the protocol’s transaction cost stands at $0.0001 (minimum) and speeds range between 3,000 to 100,000 TPS (transactions per second).
Tim Bullman, Co-Founder of Caduceus, said, “Caduceus is developing a suite of developer toolkits and hardware solutions that create a rich environment for metaverse development, enabling the building, financing, and cross-chain portability of 3D worlds and digital assets from metaverse to metaverse — all from a decentralized, fully modular, open access blockchain with lower transaction costs, higher speeds and greater security than any other public blockchain — and we are pleased to see the investment community recognizing the huge potential of this ground-breaking technology.”
Caduceus is an infrastructure-level open blockchain platform specifically built for the metaverse and the decentralized digital world. It is a developer-friendly, easy-to-use underlying public chain platform that comes with its own complete set of development tools.
