MAHE, SEYCHELLES / ACCESSWIRE / April 1 2022 / Vendetta Capital is immensely pleased to announce its investment in Subspace Network, a 4th generation blockchain that enables massively scalable on-chain storage and compute, without compromising security or decentralization.
Subspace Network seamlessly integrates with existing blockchains, layer two protocols, and decentralized applications, allowing it to serve as a foundational infrastructure layer for the entire Web3 ecosystem. Subspace aim to empower builders to unlock the next wave of crypto adoption by supporting NFTs, GameFi, and the Metaverse at Internet scale.
Bottleneck of Existing Blockchains will be solved with the 4th Generation Blockchain,
The fundamental scalability bottleneck remains unsolved for Web3 to realize its full potential and support killer applications such as DeFi, GameFi, and Metaverse, which require billions of transactions per second and billions of NFTs for billions of storage. This is the core problem Subspace Network is solving by creating a scalable base layer that all blockchains can use to support the industry-wide goal of crypto mass adoption. This is why the team calls Subspace Network a true 4th generation blockchain.
Millions of transactions per second, a single source of truth for the entire crypto ecosystem
At the core of the Subspace Network lies a novel combination of consensus, storage, and compute, which yields the first design that can fundamentally resolve the blockchain bloat problem. This Nakamoto-style, longest-chain protocol originates from the research conducted by Tse Lab at Stanford University.
This unique design allows the Subspace Network to support thousands of shards, millions of transactions per second and store exabytes of data on-chain. Metadata for billions of NFTs can also be stored on Subspace, regardless of which chain they were minted on. Entire blockchain networks (currently Polkadot and Kusama, soon Ethereum) can also be archived on Subspace. With validation from native smart contracts, these archives can be used as the basis for simple and secure bridges, allowing for interoperability between all integrated networks.
Subspace Network is currently in the Aries Test Network phase with every block across the Polkadot and Kusama Networks archived as public service for the benefit of the ecosystem. There are currently 12 live networks on Polkadot and 27 live networks on Kusama backed up on the Aries Test Network with more to be added as more chains go live.
Subspace Network provides groundbreaking technology that will facilitate the rapid adoption of blockchain technology by wider masses and enable the use of the latest web3 technologies faster, more cost-effectively and more securely, through the investment in Subspace, it will continue to support the added value created by Blockchain technologies that shape the future in every area that touches everyone’s lives.
About Vendetta Capital
Vendetta invests in, leads, and helps projects to accelerate developing novel solutions to address the core issues of scalability, privacy, and interoperability for decentralized protocols and applications.
Vendetta Capital has become one of the leading investors in the blockchain venture capital ecosystem with its experience, wide network around the world, and effective strategic competencies that can analyze the innovative expectations of the market in depth and transfer these capabilities to the successful projects it invests. With these approaches Vendetta has invested many successful and game changer projects such as Jenny Dao, Linear Finance, HOPR, WOO Trade, Archer Dao, Unilend, Bridge Mutual, Alliance Block and will continue to support future shaping projects.
About Subspace Network
Subspace Network lets developers run Web3 apps at Internet scale. It provides a simple interface for quickly deploying multi-chain decentralized apps that auto-scale with demand. Subspace is powered by a new eco-friendly, 4th generation blockchain that enables massively scalable on-chain storage and compute, without compromising security or decentralization. It seamlessly integrates with existing blockchains, layer two protocols, and decentralized applications, allowing it to serve as a foundational infrastructure layer for the entire Web3 ecosystem. Subspace will empower builders to unlock the next wave of crypto adoption by supporting NFTs, GameFi, and the Metaverse at Internet scale.