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zbyte Secures $5 Million Funding, Unveils Mainnet for Web3 Revolution

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zbyte, the distinguished Web3 infrastructure platform, proudly announces the successful launch of its mainnet, a significant achievement supported by a $4 million capital raise. Notable investors, including Cartography Capital and Quarterback Financial, have committed an additional $1 million. The introduction of the zbyte mainnet is accompanied by the unveiling of an innovative low-code, no-code module, reshaping Web3 development. This groundbreaking module empowers Web2 developers to effortlessly create decentralized applications (dApps) without the need for extensive re-skilling. In response to the shortage of developers in the Web3 space, zbyte adopts a pioneering approach, providing a user-friendly platform for swift dApp development across multiple public blockchains. Recognizing India as a key global developer market, zbyte plans to capitalize on this opportunity through its campus chain program with various universities. The team has already organized numerous hackathons in India, contributing to the diverse development of dApps.

Co-Founder Krish Kupathil underscores, "At zbyte, we're not just constructing a platform; we're shaping the future of Web3 development. Our mainnet is crafted to empower developers, seamlessly bringing Web2 ease and familiarity to the Web3 environment. We're eager to witness how this will expedite the adoption of blockchain technology". This funding round will expedite their ambitious roadmap, encompassing the onboarding of diverse talented developer communities, organizing hackathons, and extending the influence of Web3 to businesses and developers across various domains and use cases by harnessing the capabilities of the zbyte platform. The company also aims to aggressively decentralize and empower the zbyte community.

zbyte's DPLAT (decentralized platform) protocol stands out with its feature-rich, public token infrastructure. It includes an API-first approach, supports multiple Layer1 blockchains, integrates with Web2 systems through connectors, and allows the use of dApps with near-zero or configurable gas fees. The platform guarantees the portability of digital assets across blockchains and incorporates native Zero-Knowledge Proof (ZKP)-based privacy, all within a single package. Dan Quintero of Cartography Capital expressed, "Investing in zbyte was a strategic decision for us. Their vision of making Web3 accessible to the masses and their commitment to simplifying the development process is truly groundbreaking. We believe zbyte is set to be a key player in scaling Web3 adoption".

zbyte's DPLAT can be accessed at dplat.zbyte.io and has a thriving community of contributors and creators. Noteworthy entities building on the platform include zblocks, a web3 consumer engagement platform for large brands, the f*word, a digital fashion creator suite, and Genovatic, a professional services company driving blockchain adoption across various enterprise use cases. Additionally, zbyte's DPLAT supports leading blockchains such as Avalanche and Polygon, with an announced Memorandum of Understanding (MOU) with PWR chain, set to be integrated soon.