‘Data Pipeline’ Protocol KYVE Raises $2.8M From Industry Insiders

Posted on by American Coins & Gold

‘Data Pipeline’ Protocol KYVE Raises .8M From Industry Insiders
An ambitious new project from a pair of young founders is hoping to expand and decentralize data access for blockchains, and they just raised $2.8 million to do it.KYVE – a stylized take on the second syllable of “archive” – has closed its second funding round led by Permanent Ventures and Hypersphere Ventures, and with contributions from Zee Prime and CMS Holdings. Arweave, Avalanche Foundation, Interchain Foundation, NEAR Foundation, Solana Foundation and others are also involved.KYVE, which is currently in testnet, uses Arweave to store blockchain data whose veracity is verified by a network of node operators.“The bigger picture is…