V3V Ventures provided a seed investment to U2U Network, a blockchain infrastructure platform situated in Hanoi, Vietnam.
The deal’s total value was not made public. The money will be used by the business to grow both its operations and growth initiatives.
Leading the way in fusing scalable infrastructure solutions with blockchain technology is U2U Network. With low latency and high throughput, the platform makes use of the Helios consensus algorithm to handle up to 72,000 transactions per second on the U2U Chain.
Its Subnet technology provides decentralized services for the Internet of Things, decentralized identity (DID), and micropayments, and its EVM compatibility enables the smooth onboarding of dApps.
Read also- Singapore-Based TechCreate has Partnered with IDEMIA
Leading the way in fusing scalable infrastructure solutions with blockchain technology is U2U Network. With low latency and high throughput, the platform makes use of the Helios consensus algorithm to handle up to 72,000 transactions per second on the U2U Chain.
Read also- Bahrain-Based CoinMENA has Partnered with Bitpanda Technology Solutions
The Subnet technology of U2U Network provides decentralized services for the Internet of Things (IoT), decentralized identity (DID), and micropayments, while its EVM compatibility enables the smooth onboarding of dApps. With this financing, U2U Network will be able to continue delivering scalable, secure, and effective blockchain technologies for practical uses.
Serge Przhevalsky, Partner at V3V Ventures, commented: “These new investments continue to drive our fund forward. We see great potential in U2U and CrossCurve and are committed to helping them with promotion through our network and advertising resources that we have built on major platforms over the past year. By the end of this year, we plan to increase the pace and check the size of our investments as more high-potential projects decide to partner with us.”
About U2U Network
U2U Network is made for practical use and scalability. A blockchain solution of the future,To achieve high performance (72K TPS) and fast transaction finality (650ms), leverage the power of a DAG-based Layer 1 network along with EVM compatibility, OstracismVM, and modular subnet technology. The U2U Ecosystem is a thriving ecosystem that serves both users and developers thanks to this architecture, which facilitates smooth communication between subnets and the mainnet.
