
Andromeda Protocol
“Everything is hard before it is easy.”.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
N/A | $150k | Seed | |
Total Funding | 000k |
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Andromeda Protocol, founded in 2021 and based in Wilmington, United States, is a blockchain infrastructure company focused on simplifying Web3 development. The firm is backed by institutional investors such as Figment Capital, Contango, and Enzac Research, having secured $2.08 million in a seed funding round on May 3, 2022.
The company operates in the blockchain technology sector, specifically targeting developers, creators, and enterprises looking to build decentralized applications (dApps). The business model is centered on its core product, the Andromeda Operating System (aOS), a decentralized and on-chain OS designed to expedite dApp development from months to minutes. The aOS provides a suite of tools and a low-code/no-code interface that allows builders of all skill levels to create and deploy applications across multiple blockchains within the Cosmos ecosystem and beyond. The protocol generates value through its native utility token, ANDR, which is used for transactions, securing the network via staking, and incentivizing developer contributions based on usage.
The core of Andromeda's offering is the Andromeda Operating System (aOS), which functions as a software layer that abstracts away the complexities of blockchain development. A key feature of aOS is the concept of Andromeda Digital Objects (ADOs), which are composable smart contracts that act as modular building blocks. Developers can combine these ADOs in a drag-and-drop fashion to construct complex dApps without extensive coding knowledge. The system leverages the Inter-Blockchain Communication (IBC) protocol, enabling the dApps and digital objects to operate seamlessly across different, interconnected chains, thereby increasing their addressable market and resilience. Andromeda is also integrating AI to enhance the development process and has formed strategic partnerships with entities like Coreum, Jackal Protocol, and RCG Ventures to expand its ecosystem and capabilities.
Keywords: Andromeda Operating System, aOS, Andromeda Digital Objects, ADOs, Web3 development, decentralized applications, dApp, blockchain infrastructure, low-code, no-code, Cosmos ecosystem, Inter-Blockchain Communication, IBC, cross-chain, multi-chain, smart contracts, tokenization, ANDR token, blockchain operating system, decentralized OS, modular design, developer tools, Web3 platform