Blockchain development company Bloctopus (previously known as LZero) receives a $1 million pre-seed investment to revolutionize its blockchain technology.

Blockchain development company Bloctopus (previously known as LZero) receives a $1 million pre-seed investment to revolutionize its blockchain technology.

Bloctopus, a developer tool that creates on-demand blockchain sandboxes, has successfully raised a $1 million pre-seed investment. The funding round was led by Hivemind Capital, with participation from Techstars, IronKey Capital, and angel investors including founders from Brevan Howard, Quantstamp, Cred Protocol, Nexus Network, and Airside Labs.

Founded by University of Southampton graduate Til Jordan and co-founder Anisha Goel, Bloctopus has gained significant traction since launching at EthDenver. The tool has collaborated with industry-leading entities such as the Ethereum Foundation, LayerZero, Kurtosis, Offchain Labs, Coreum, and SSV Network.

Bloctopus aims to eliminate DevOps overhead for seamless cross-chain development. It streamlines the setup of complex development environments by offering highly realistic, configurable testnets as a cloud-based service. With Bloctopus, developers can spin up realistic test networks simulating mainnet data with distributed nodes, closely mimicking actual blockchain conditions.

The tool also provides a scalable and cloud-based infrastructure capable of emulating thousands of nodes and transactions simultaneously. Developers can customize node-level configurations and integrate numerous external blockchain tools and services. Bloctopus handles the complexity of multiple blockchains, token standards, and hundreds of protocol parameters without manual setup.

Emmanuel Vallod, Partner and Head of Ventures at Hivemind Capital, believes Bloctopus is solving a structural gap in blockchain development platforms. "Bloctopus is addressing a critical need in the blockchain development ecosystem by providing a streamlined solution for setting up and managing complex development environments," said Vallod.

Til Jordan, co-founder and CTO of Bloctopus, stated that they are looking forward to growing their capabilities, offering, and customer base. "We are excited to use this funding to further develop our technology and expand our team," said Jordan.

Dr Alice Iles, Head of Tech Acceleration at the University of Southampton, is proud of Til Jordan's journey and the rapid progress made by the Bloctopus team. The University of Southampton's website team offers support for researchers and students who want to create startups at any stage of the process.

Interested researchers or students at the University of Southampton can book an informal call or meeting with the Bloctopus team by clicking here. Anisha Goel, co-founder of Bloctopus, can be contacted at [email protected] for partnerships or inquiries.

Bloctopus has successfully completed both the our website and Techstars accelerator programs. It has launched an early version of its tool, simulating cross-chain message transfers under real mainnet conditions with LayerZero. Bloctopus v1 is live and free for use. The technology has been rated the #1 web3 product on Product Hunt.

Bloctopus can be followed on Twitter at @0xBloctopus for updates.

1. Til Jordan and Anisha Goel, the founders of Bloctopus, aim to utilize the $1 million pre-seed investment to further develop their technology and expand their team.
2. Hivemind Capital, Techstars, IronKey Capital, and angel investors from Brevan Howard, Quantstamp, Cred Protocol, Nexus Network, and Airside Labs participated in Bloctopus' funding round.
3. Emmanuel Vallod, Partner and Head of Ventures at Hivemind Capital, believes Bloctopus is solving a crucial issue in the blockchain development ecosystem by providing a streamlined solution for setting up and managing complex development environments.
4. Bloctopus offers a cloud-based service that streamlines the setup of complex development environments by providing highly realistic, configurable testnets, enabling developers to spin up realistic test networks simulating mainnet data with distributed nodes.
5. Dr Alice Iles, Head of Tech Acceleration at the University of Southampton, is proud of Til Jordan's journey and the rapid progress made by the Bloctopus team, offering support for researchers and students who want to create startups at any stage of the process. Interested researchers or students can book an informal call or meeting with the Bloctopus team by clicking the link provided.

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