CoinDesk Podcast Network
FIRST MOVER: Appchain Protocol Tanssi Raises $6M
Mar 28, 2024
Francisco Agosti, Co-founder of Tanssi and CEO of Moondance Labs, discusses challenges faced by developers in building blockchain applications and the $6 million investment raised for Tanssi. Topics include the benefits of appchains, fundraising in a bear market, leveraging Polkadot's security, and the potential for hybrid models combining appchains with existing ecosystems.
18:57
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Quick takeaways
- Appchains offer solutions for building blockchain applications, catering to specific use cases with customization options and lower costs.
- Funding challenges during bear markets emphasize the need for due diligence by investors, while appchains provide enhanced security and utility for developers.
Deep dives
Transitioning from Bear to Bull Market and Challenges for Developers
The podcast discusses the transition from a bear market to a potential bull cycle in the cryptocurrency space, indicating positive market movements. It highlights the challenges faced by developers in building blockchain applications, focusing on issues like smart contract development, scalability, fees, and interoperability. The conversation delves into the emergence of appchains as specialized blockchains geared toward addressing specific use cases, offering customization options, higher speeds, and lower transaction costs.
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