Following testing of the network infrastructure and staking dynamics by over 100+ validators, Agoric, a JavaScript-native smart contract platform, has announced the launch of its public chain following the completion of a successful private token sale.
Funding from the private sale will fuel the next stage of Agoric’s growth, focusing on scaling the ecosystem and developer programs. Building on existing initiatives to incentivize infrastructure development, such as the recent developer bounties, additional funding will see the launch of further entry points into DeFi via the Agoric smart contract development economy.
Committing to support the continued development of Agoric and its mission to build the smart contract technology for the decentralized economy, the $32M private sale saw participation from early investors, including MetaStable, Polychain, Rockaway, and Gumi Ventures.
It also gained support from a cohort of backers including Placeholder, Dokia Capital, NGC Ventures, Spartan Group, Compound VC, DAO Maker, LD Capital, Nalu Capital, Spark Capital, RedBeard Capital, Acrew Capital, P2P, RELM Insurance, Figment, Chorus.One, Age Fund, Iqlusion, and Pylon.
Mainnet
This first phase of the launch marks the introduction of the BLD staking token and the Agoric chain, built using the Cosmos SDK.
BLD (build) secures and stabilizes the economy by supporting staking, governance, and decentralization. Agoric has partnered with Keplr, a browser extension wallet for the inter-blockchain ecosystem, to support BLD. Keplr will also provide services for Agoric, including governance and staking.
“Today, the DeFi development environment is failing to reach its full potential. By bringing DeFi to the overlooked JavaScript community, Agoric is blasting open the DeFi economy to over 10 million innovative and curious developers, enterprises, and institutions to create the dapps of tomorrow,” commented Dean Tribble, CEO, and Co-Founder of Agoric.
JavaScript-Native
As a Proof of Stake (PoS) blockchain and JavaScript-native smart contract platform, Agoric offers developers and enterprises a secure, cross-chain ecosystem for building and deploying DeFi apps.
Agoric’s composable smart contract development environment is a first of its kind to provide reusable governance, lending, and trading components to propel the creators of the interoperable DeFi economy, all in a familiar JavaScript development environment.
“As an active crypto fund, we at NGC Ventures see a lot of promising, innovative projects at various stages of development. Agoric’s team of pioneers in smart contract development stands out from the crowd. We see tremendous potential for Agoric to shape the future of DeFi and be the springboard for the next generation of change-makers.” said Tony Gu, partner at NGC Ventures.
Agoric is a JavaScript-native smart contract platform and PoS blockchain. The Agoric blockchain contains built-in decentralized finance (DeFi) primitives, including; RUN, a stable local currency for facilitating economic activity, and BLD, a staking token to maintain a healthy ecosystem.