What is Spacemesh?
Spacemesh is a community-driven organization dedicated to building a novel cryptocurrency protocol named Proof of Space Time (PoST). This platform is engineered to provide individuals with financial equity and permissionless access to the cryptocurrency space. By engaging 'home smeshers' as integral participants, Spacemesh aims to foster a healthy and robust cryptocurrency ecosystem. The organization emphasizes open-source collaboration and encourages philosophical exploration within the blockchain domain, offering resources such as tutorials, updates, and a user-friendly application to enhance community involvement and user experience.
How much funding has Spacemesh raised?
Spacemesh has raised a total of $15M across 1 funding round:
Series A
$15M
Series A (2018): $15M with participation from Polychain Capital
Key Investors in Spacemesh
Polychain Capital
Polychain Capital is a prominent investment firm specializing in cryptocurrency protocols and blockchain-based assets, established in 2016 and based in San Francisco, California.
What's next for Spacemesh?
The substantial enterprise-level funding and recent strategic investment indicate Spacemesh is likely in a scaling phase, focusing on expanding its network infrastructure, enhancing protocol development, and broadening its user base. This capital infusion will be critical for advancing its Proof of Space Time (PoST) consensus mechanism, which aims to offer an environmentally sustainable alternative to existing blockchain technologies. Future developments will likely concentrate on onboarding more participants, refining the user experience for 'home smeshers,' and solidifying its position in the competitive cryptocurrency market.
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