The Anoma Foundation, a non-profit organisation working to advance blockchain technology, has today revealed that it has successfully finished a $25 million funding round. In the Foundation’s third investment round, 30 angel investors joined the contributors co-led by prominent blockchain-focused VC firm CMCC Global.
Also, some of the biggest names in the industry, including Electric Capital, Delphi Digital, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor, pledged financing throughout the entire fundraising round.
Radical design and ease of use
The Anoma Foundation sees this as the starting gun for the race to replace the current financial system with one that puts power in the hands of its users, using blockchain technology of the third generation. According to Anoma, its unconventional design makes it possible to create successful apps that would be impossible to create with conventional architectures.
Switzerland-based Anoma is developing an intent-centric blockchain architecture. Existing Web2.5 programmes can now be fully decentralised thanks to the technology’s introduction of fresh primitives, such as rollups, decentralised exchanges, and NFT markets. New, ground-breaking applications that aren’t possible with conventional architectures can now find a foothold thanks to this unconventional design.
According to Anoma, its third-generation architecture surpasses the capabilities of existing smart contract protocols like Ethereum and its Ethereum Virtual Machine (EVM) in terms of composability and usability. The $25 million pot will fund ongoing R&D efforts, help push adoption with developer tools that let them create apps not possible on any current system, and allow for the formation of strategic collaborations and an expansion of the ecosystem.
The foundation is challenging the status quo of protocol design by rethinking the role of the foundational layers of any network. This sizeable investment shows that Anoma’s novel intent-centric design is well-received and respected, and that it represents a new paradigm for constructing blockchain infrastructure layers.