Calimero Network Create New Blockchain Infrastructure Centered on the NEAR Protocol
A tremendous upgrade with distinctive groundbreaking Web3 features built on the NEAR Protocol has just been completed by Calimero Network, a leading provider of private shard infrastructure. The new system will offer customers innovative blockchain and Web2 services that meet all their business needs. It allows the user to launch their unique shards infrastructures on the platform.
A report from the Calimero group dated March 4 disclosed that the new system had undergone a series of Beta testing. The report illustrates that all the bugs identified during the tests have already been fixed, and the system is ready to start operating.
Features of the New System
The March 4 update revealed that the Calimero team had utilized their private shard technologies to improve the system’s security. Additionally, the Calimero team demonstrated their commitment to developing Web 2.5, a unique platform that connects the centralized system to the decentralized space.
The Web 2.5 version will provide businesses with a friendly platform to add value to their products to attract new customers. Nonetheless, Calimero pledged to offer long-standing support to startups by safeguarding their transaction on the platform using privacy features.
The new upgrade blends well with the classic business, giving the entrepreneur innovative ideas to develop new products and deploy Web3 features to pursue new markets. The entrepreneur will be provided with the necessary resources to stimulate business growth.
The Calimero team expects businesses utilizing the new upgrade to gain a sizable growth rate corresponding to NFT and DeFi projects.
Importance of Private Shards
Furthermore, Calimero plans to leverage its private shard technology to reduce the cost of operation. The system will allow the user to change the shard performance depending on the load. This adjustment provides the user with pocket-friendly prices starting from $300.
Also, startups in their early development stage are given two weeks free trial.Nevertheless, the attempt to sustain its high-performing blockchain recently necessitated Calimero to launch its seed funding round that generated $8.5 million.
KhoslaVentures led the seed round in collaboration with Lyrck Ventures and NEAR Foundation, among other participants. The funds garnered from the seed round were utilized to shift the company private shards from the Ethereum Virtual Machine (EVM) platform to the NEAR Network.
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