Anoma Foundation raises $25 million to improve its intention-centric blockchain platform
- The Anoma Foundation completes its third round of funding.
- The intent-centric blockchain architecture firm raised $25 million from top Web 3 VCs.
- The funding aims to increase adoption, improve DApp development and create partnerships.
The Anoma Foundation, the custodian of the Anoma Protocol, an intent-centric, privacy-preserving blockchain architecture, announced the successful completion of its third fundraising event that raised $25 million from renowned blockchain VC firms. The funding round was led by blockchain-centric VC firm CMCC Global and welcomed several prominent industry players including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and factor.
Other participants in this round include over 30 angel investors from the founders of L1s and dApps to ZK cryptographers. Charlie Morris, co-founder and managing partner of CMCC Global, commented on the latest capital injection:
“We are thrilled to have led this funding round for Anoma. The team is pushing the boundaries of protocol design and reimagining how base-layer infrastructure should work. It is refreshing to see Anoma’s design and philosophy against a homogeneous group of layer-1 smart contract platforms.”
The latest round of funding will be used to jump-start the race to bring third-generation blockchains to market, allowing developers to build apps that have never been built before.
Anoma offers an innovative platform that aims to give power back to users by providing a platform that transforms “partially decentralized apps” or Web 2.5 apps into fully decentralized apps. As explained by Adrian Brink, co-founder of Anoma, the platform will improve decentralization and privacy across all decentralized apps built on it, including DEXs, NFT marketplaces and digests.
“Compared to existing architectures like Ethereum/EVM, it makes dApps an order of magnitude more composable and an order of magnitude easier to build,” Brink added.
Despite this, Anoma also offers a revolutionary blockchain architecture that allows developers to build new DApps that cannot be built on current virtual machines or existing blockchain architecture.
“Anoma’s intent-centric architecture represents a significant advance across all fronts of blockchain infrastructure, including scalability, UX, privacy and interoperability,” said Tommy Shaughnessy, founder of Delphi Digital.
Finally, the $25 million capital raised will be used to support ongoing R&D initiatives, increase user adoption rates through marketing, and enable strategic partnerships and ecosystem development.