Solana based SolRazr closes $1.5M funding round to develop flagship decentralized ecosystem

Solana (SOL/USD) based venture platform SolRazr’s innovative decentralized developer ecosystem is designed to be the only developer and fundraising platform for projects building on the Solana blockchain. It comprises Launchpad, Accelerator, and Developer Tools.  

Supporting DeFi growth on the SOL network

SolRazr also aims to support the growth of decentralized finance on the network according to cofounder Sreekanth Kalapur, who added: 

SolRazr will be based on an allocation model retail investors leveraging NFTs in this ecosystem will find unique. Solana is marketed as the fastest blockchain, supporting 50,000 transactions per second (TPS). It has 200 nodes operating across the globe and a Proof-of-Stake (PoS) blockchain with a pBFT-derived consensus mechanism.

SolRazr cofounder Vijay Kalangi pointed out:

Recently, SolRazr raised $1.5 million in a funding round, in which Ascensive Assets, Moonrock Capital, and Morningstar Ventures took part. Among other notable participants were Divergence, Genesis Block Ventures, CMS Holdings, Genblock Capital, and Skynet Trading. Some angel investors contributed too.

SolRazr managing partner Jonathan Habicht said Moonrock Capital was thrilled to be part of the SolRazr journey, adding: