What is Octopus Network?
Established in 2019 and headquartered in Tokyo, Japan, Octopus Network is a protocol designed to facilitate the creation of Web3.0 appchains. It offers a suite of features including leased security, out-of-the-box interoperability, and everlasting forkability, all powered by generalized mining centered token economics. The protocol is built upon a foundation of social contracts that encompass fair launch principles, compliant token distribution, and on-chain governance dominated by protocol participants. This robust framework positions Octopus Network as a key player in the evolving decentralized internet landscape, enabling developers to launch specialized blockchains with enhanced efficiency and security.
How much funding has Octopus Network raised?
Octopus Network has raised a total of $8M across 2 funding rounds:
Angel/Seed
$3M
Series A
$5M
Angel/Seed (2021): $3M with participation from Origin Capital, Spark Digital, OKEx Block Dream Fund, Puzzle Ventures, ChainX, PNYX Capital, Bixin, SevenX Ventures, Electric Capital, Ascension Asset Management Group, D1 Ventures, NGC Ventures, Stafi, and ZMT Capital
Series A (2021): $5M led by Youbi, DCG, LCG Ventures, Gfs Ventures, Continue, Vestigium, and Autonomy Capital
Key Investors in Octopus Network
Origin Capital
Origin Capital is a commercial property finance company that provides senior debt funding for investment transactions exceeding 2 million euros in the Irish market. Established to offer an alternative to traditional funding options, the company focuses on delivering flexible lending solutions backed by a strategic partnership with Kvika banki hf.
Spark Digital
Spark Digital is a proud member of the Spark New Zealand family, providing business, enterprise, and government clients with digital solutions to meet the demands of increasingly connected customers. They have invested significantly to build digital platforms that help New Zealand organizations unleash their potential.
Electric Capital
Electric Capital is focused on investing in the next generation of iconic founders within the Web3 and crypto space, emphasizing a unique investment approach that combines technical depth with insights into protocol design and security.
What's next for Octopus Network?
With substantial enterprise-level backing and a recent strategic investment, Octopus Network is poised for accelerated growth and innovation. The company's focus on providing a comprehensive infrastructure for appchain deployment suggests a strategic push towards scaling its ecosystem and enhancing its interoperability solutions. Future developments are likely to concentrate on expanding its network of validators, fostering developer adoption, and solidifying its position as a leading platform for decentralized applications. The ongoing commitment from investors indicates confidence in Octopus Network's vision to democratize blockchain development and empower a new generation of Web3 applications.
See full Octopus Network company page
