UncleMine, based in Singapore, a Net 3. Incentive infrastructure based on Solana, claims to have raised 3 million US dollars in its latest financing round.
The fundraising included Fenbushi Capital, HashKey Money, Carry on Funds, LongHash Ventures, GBV, A&T Funds, Kenetic Capital, among others.
UncleMine was founded in June 2021 and aims to use zero-knowledge technology to bring any computing power into smart contract blockchains. Computing power is the fundamental resource that blockchain and internet applications 3. build, including different hash rates, verifiable storage, bandwidth, computing resources, etc. cannot participate in the decentralized financial ecosystem due to various technical difficulties, so it is difficult to rotate and bring them into the new open economy. UncleMine Network makes these computing skills verifiable and thus transparent and transferable.
The startup says its technology could enable computing power owners to validate their resources over a trusted network and store zero-knowledge evidence in a contract. Online smart contract for verification and integration by third parties. Its ecosystem is supported and promoted by its native token UM. The project will adopt a decentralized autonomous organizational structure and strengthen community governance through UM tokens and the issue of unusable tokens.
The new funds will be used to develop UncleMine’s products, boost marketing momentum and create new jobs. The UncleMine Network Alpha will start in December 2021 and the UM token generation event is scheduled for January 2022.
World Wide Web Site: Unclemine.org