Shima Capital invests in blockchain infrastructure startup Artela The Block – Crypto News – Crypto News
Connect with us
Shima Capital invests in blockchain infrastructure startup Artela The Block Shima Capital invests in blockchain infrastructure startup Artela The Block

Technology

Shima Capital invests in blockchain infrastructure startup Artela The Block – Crypto News

Published

2 years ago

on

Shima Capital has invested in Artela Network, a blockchain infrastructure startup founded by a team of industry veterans.

Other contributors to the round include A&T Capital, Big Brain Holdings, SevenX, Dispersion and Amino.

The Artela team is pioneering a unique solution designed to answer the rising need for large-scale, decentralized apps by creating a base-layer blockchain network. The unique architecture of Artela encourages developers to create custom extensions in a modular style directly on the blockchain’s base layer. This facilitates improved programmability within the blockchain and equips developers to create custom functions in a nimble and dynamic fashion, speeding up the pace of innovation and widening the scope of possibilities.

Yida Gao, founder and managing general partner at Shima Capital, said: “Artela formally brings to web3 the web2 paradigm of aspect-oriented programming by introducing an extensible blockchain network that allows builders to construct modules and extend modular services to achieve chain-native customization within a single public blockchain network.”

Shima is excited for what the future holds at Artela, Gao added. The company is also introducing an extension layer called Aspect which will allow the inclusion of a user-defined native extension. Aspect amplifies programmability and ensures seamless integration with existing smart contract models. The company has said it plans to release the Aspect whitepaper and kick off the first testnet later in 2023.

Want to learn more about blockchain from industry leaders? check out Blockchain Expo taking place in Amsterdam, California and London.

Explore other upcoming enterprise technology events and webinars powered by TechForge here,

  • Duncan MacRae

    Duncan is an award-winning editor with more than 20 years of experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.


    View all posts

Tags: Artela, financing

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending