Raising $ 12 million in crypto startup Reach
Reach, a blockchain development platform designed to simplify the creation of decentralized applications (dapps), announced today that it has raised $ 12 million to develop its offerings and launch a commercial version.
The platform currently supports decentralized application development for Ethereum and Algorithm, although the Reach Declaration states a "growing set of protocols." Reach likens its platform to launching Apple's iOS platform for mobile apps, and shows that designing and launching apps and services using blockchain paves the way for developers.
According to Reach, the company's $ 12 million credit is worth $ 48 million.