Source: blockchain.news
Decentralized Database Solutions Kwil received a $9.6 million fundraise from crypto venture capital firms FTX Ventures and Digital Currency Group (DCG) according to a presentation filed with the United States Securities and Exchange Commission (SEC).
FTX supports most of the popularly traded cryptocurrencies. FTX trading supports more than 300 projects in the crypto world. FTX’s unique products include staking, leverage tokens, Fiat, Futures and spot markets. At the same time, Digital Currency Group (DCG) builds and supports bitcoin and blockchain businesses by leveraging knowledge, network and access to capital.
Kwil is the first distributed decentralized SQL database solution for building dApps and advanced protocols. It ensures that large amounts of blockchain data are stored and processed in a short period of time. This process allows the dApp to access your data when connected to other applications. KwilDB has unique features and allows customers to create products that make them superior to their competitors.
The decentralized SQL database for Kwil users is called KwilDB. Based on a distributed SQL database, KwilDB developers can enjoy the luxury of easy access to other data sets. Developers can easily choose what data they want to build their app on. KwilDB Web3.0 offers an unprecedented development experience with comprehensive data aggregation, unlike the traditional Web2.0 database.
Crypto exchange companies FTX Ventures and DCG stand to benefit from investing in Kwil by earning returns on their investments, while Kwil uses the funds to build structures for its users and developers.
Kwil currently partners with companies like Blockchain, Amplify, Arweave, NGC Ventures, FJ LABS, and DCG for funding and insights into the blockchain industry.
coming out like one of the basic protocols for receiving venture capital fundsKwil has now been added as one of the suites predicted to lead the future of Web3.0 based on their core offerings.
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