Highlights:
- Node infrastructure that connect with current blockchains and protocols and can link into the network with the right access is required to access this network for reading, writing, and computation.
- fm intends to use the additional cash to expand its engineering team and quicken the development of its current solutions to develop enhanced staking services.
Gateway.fm, a provider of decentralized blockchain infrastructure nodes, recently said it acquired USD 4.6 million in early funding. The money will give developers tools to access scalable Web3 infrastructure to create decentralized applications.
Lemniscap, an investment company specializing in blockchain businesses and cryptoassets, led the round. Several well-known cryptocurrency investors participated, including the Fantom Foundation, CMT Digital Ventures, Unstoppable Domains Ventures, and the LAO DAO.
Node infrastructure is necessary to operate blockchain and web3 technologies because nodes, rather than a single authority, validate and store data in decentralized networks. Nodes are devices that conduct all of the computing on the network and record the complete blockchain transaction history, such as computers, servers, or specialized machines.
Node infrastructure that connects with current blockchains and protocols and can link into the network with the right access is required to access this network for reading, writing, and computation. Gateway.fm’s solutions provide decentralized connectivity to blockchains without depending on centralized services like Amazon Web Services (AWS).
Co-founder and CEO of Gateway.fm, Cuautemoc Weber said, “I’ve felt that the spirit of decentralization at the heart of the Web3 movement has been undermined by limited access to scalable infrastructure. No more. We want to provide reliable node infrastructure, best-in-class validators and robust dev tooling to help Web3 projects scale at pace, while enticing financial institutions and enterprises to explore blockchain technology with confidence.”
By using its services, Web3 businesses can bypass any middlemen and access nodes directly using remote procedure calls, enabling it to offer a highly decentralized service.
The business offers access to free Public RPC calls on the Ethereum mainnet for up to 30 queries per second to test the service. Additionally, the company provides corporations with an enterprise solution that includes elastic pricing, unlimited requests, and comprehensive analytics.
Customers may easily create node networks for Ethereum staking, a method of using the ether cryptocurrency to support the blockchain’s security and receive rewards, using Gateway Grow. Those who stake a cryptocurrency and lock it up for a while to demonstrate that they have a “stake” in the blockchain, receive a reward after transaction validation. Proof-of-stake chains like Ethereum, Gnosis, and IXO can link to Grow.
The business offers Gateway Access, a fast, scalable Web3 RPC node service for customers looking for decentralized blockchain access. Now, it is accessible in Singapore, Switzerland, Sweden, and Germany, offering 3,000 procedure calls each second or 260 million per day. Ethereum, Gnosis, Fantom, and NEAR are now supported by access.
Finally, by offering decentralized, scalable decentralized node access for early development, Gateway Jumpstart enables engineers to create new blockchains and protocols to quickly get their projects off the ground and spur user adoption.
Many major players fill in the market of blockchain infrastructure solutions, including well-known firms like Alchemy, Infura, and Blockdaemon. Large cloud service providers Google Cloud and Amazon Web Services Inc. have recently started offering nodes-as-a-service options. Node, a blockchain node infrastructure solution, was introduced by crypto exchange Coinbase Inc. as a part of Coinbase Cloud.
According to Gateway.fm, it intends to use the additional cash to expand its engineering team and quicken the development of its current solutions to develop enhanced staking services.
