Gear Technologies Raises $12M to Boost Smart-Contract Development on Polkadot

Gear Technologies Raises M to Boost Smart-Contract Development on Polkadot
Gear Technologies, a smart-contract layer supporting the Polkadot blockchain framework, has raised $12 million in a funding round led by Blockchange, with participation from Three Arrows Capital, Lemniscap, Distributed Globals and a host of other venture capitalists.A number of top executives of Web3 Foundation and Parity Technologies also participated, including Polkadot founder Gavin Wood, who said in a statement that Gear’s infrastructure efforts “will benefit our entire ecosystem.”The announcement comes quick on the heels of a major milestone for Polkadot. The network’s first parachains – basically, layer 1 blockchains running atop the layer 0 that is Polkadot – went live…