What is Conduit?
Conduit enables you to scale your on-chain application or ecosystem rapidly with dedicated blockspace and throughput.
Conduit streamlines blockchain deployment with incredible speed. You can have your own chain up and running in mere minutes, eliminating the lengthy development times often associated with blockchain creation. This allows you to focus on building your application and getting it to market faster.
Furthermore, Conduit offers unparalleled scalability for your project. Dedicated blockspace and enhanced throughput ensure your application can handle increasing user demand without compromising performance. This robust infrastructure empowers you to build applications that can grow alongside your user base. The platform's success is evident, with over 200 chains already deployed and a total value locked (TVL) of $1.2 billion across Conduit chains. Conduit has also significantly expanded on-chain compute on Ethereum, demonstrating its ability to handle complex applications.
Conduit Fundraising Info
Conduit is a crypto-native infrastructure platform that aims to help and speed up cryptocurrency developers. Conduit delivers cloud stability to cryptocurrency, creating a solid basis for new applications to grow. Using Conduit's cutting-edge technology, developers may push the limits of what is possible in a decentralized environment. Overall, Conduit raised $7 million in a seed round on March 28, 2023, which comprised seven investors. On June 25, 2024, eighteen investors participated in the Series A investment round, which collected $37 million. Paradigm was the Tier 1 investor, and Haun Ventures was the Tier 3 investor. Based on the investment received, the creator, Andrew Huang, as Chief Executing Officer (CEO), claims that this funding will help Conduit continue its first product launch and achieve profitability.
Conduit Airdrop
Conduit is well-positioned thanks to its recent fundraising success, raising a substantial $44 million from prominent investors such as Coinbase Ventures, Paradigm, Haun Ventures, and more. This strong financial backing underscores the confidence and support Conduit has garnered from the industry’s leading investors, setting the stage for exciting developments and community engagement initiatives. To participate in the Conduit Airdrop, you'll need to add the Superposition Testnet to your wallet. Access your wallet's settings or network management section and look for the option to add a new network. Make sure to stay updated on the latest news and developments regarding Conduit and the Superposition Testnet to maximize your participation in the airdrop. Additionally, be cautious of potential scams or phishing attempts related to this initiative, and always verify information from official sources.