Star Tower Chain receives significant seed investment from Consensys, Sigfox, Alven and youbi capital
In a notable development in the field of blockchain technology, Star Tower Chain (StarTowerChain) announced that it has received seed funding from well-known entities, including MetaMask’s parent company Consensys, France-based Sigfox, a leading global IoT service provider, and renowned French venture capital firms Alven and Youbi Capital. This strategic investment totaling €3 million not only highlights the recognition of StarTower’s technical strength, but also its bright prospects in the blockchain industry.
The funds will be mainly used to support the development of StarTowerChain’s public blockchain, extensive market expansion efforts, brand building plans and talent recruitment. StarTowerChain focuses on enhancing its core competitive advantages and aims to accelerate its strategic goals in the blockchain field.
Star Tower Chain has launched a new Layer1 blockchain architecture based on smart mobile devices. Its revolutionary RIP (Resource Interaction Proof) network technology is expected to solve the problems of high energy consumption, latency issues, poor security, and cross-chain asset interoperability that are prevalent in traditional public chain environments. By leveraging smart devices as public chain nodes, StarTowerChain reduces reliance on centralized servers, increases transaction processing speed, reduces energy consumption, enhances data security, and facilitates cross-asset currency settlement.
“We are committed to driving industry development through technological innovation,” said a StarTowerChain spokesperson. “Our vision is to lead the industry and create substantial value for society.”
Looking ahead, StarTowerChain plans to continue launching innovative products and services to enhance user experience and industry efficiency. The company also aims to actively participate in the development of industry standards, incorporating its innovative technologies into these benchmarks to guide industry development.
From an economic perspective, Star Tower Chain expects its business to grow rapidly, generate substantial profits, and bring substantial returns to investors. On a social level, the company is committed to using technological innovation to solve social pain points, thereby promoting social development and progress.
With a strategic focus on advancing RIP technology and expanding market share, StarTowerChain is committed to understanding the current industry landscape and future trends. Through market research, customer engagement, and partner collaboration, the company aims to accurately address the core challenges and unmet needs of the industry.
“We firmly believe that with the support and cooperation of investors, StarTowerChain will usher in a brilliant future,” the spokesperson concluded.
The statement emphasizes StarTowerChain’s commitment to promoting blockchain innovation and collaborative industry advancement around the world.