Shardeum Foundation

Decentralized Layer 1 blockchain platform

Zug, Zug, Switzerland

About Shardeum Foundation

Shardeum offers a decentralized Layer 1 blockchain platform that operates on the Ethereum Virtual Machine (EVM), capable of processing around 100,000 transactions per second at a low cost of approximately $0.01. It serves a wide range of users, including individuals and businesses, enabling them to create decentralized applications (Dapps) and manage token transactions. Shardeum stands out with its community-driven model, allowing over 800,000 members to run nodes that enhance network efficiency, and it employs dynamic state sharding for fast transaction processing. The company's goal is to provide a fast, scalable, and secure blockchain environment for all users.

Zug, SwitzerlandHeadquarters

2022Year Founded

$23MTotal Funding

EARLY_VCCompany Stage

Cybersecurity, Crypto & Web3Industries

51-200Employees

Risks

Competition from EVM-compatible blockchains like Binance Smart Chain may impact market share.

Reliance on community-driven node participation poses risks if engagement decreases.

Mainnet launch risks include potential technical issues or security vulnerabilities.

Differentiation

Shardeum uses dynamic state sharding for linear scalability and low transaction costs.

The platform is EVM-based, allowing compatibility with existing Ethereum tools and infrastructure.

Shardeum's community-driven model enhances scalability and user engagement through node participation.

Upsides

Growing demand for EVM-compatible chains benefits Shardeum's platform and developer adoption.

Partnership with Immunefi enhances security, crucial for user trust and platform reliability.

Rising interest in DeFi and NFTs increases demand for scalable, low-cost platforms like Shardeum.

Funding

Total raised$22.96 M

Latest valuation$91.00 M

StageEARLY_VC