Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million

On March 14, it was reported that the blockchain infrastructure start-up, Smooth Labs, completed a seed round financing of US $2 million, led by NGC Ventures, and participated by Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.

Interpretation of this information:

Smooth Labs, a blockchain infrastructure start-up, has successfully raised $2 million in a seed round financing which was led by NGC Ventures. Other investors who participated in the round included Cogitent Ventures, ArkStream Capital, and Ian Balina’s Token Metrics. With this, Smooth Labs is expected to further expand its current infrastructure in providing an inclusive, secure and fast blockchain-based platform.

Blockchain technology, the infrastructure on which cryptocurrencies like Bitcoin are built, is considered to be a revolutionary technology that can help solve many existing problems. Blockchain-based systems are transparent, immutable, and distributed, which means that no single individual or organization can control it. Unlike traditional systems that rely on intermediaries, blockchain-based systems are decentralized, allowing for a direct and secure way of exchanging value.

Smooth Labs’ successful funding round is clear evidence that investors are still interested in investing in blockchain infrastructure startups despite the current bearish market. The $2 million raised will enable Smooth Labs to deepen its research and development activities and expand its infrastructure, thereby boosting the growth of the blockchain ecosystem.

NGC Ventures, the lead investor in the funding round, is known for its investment in many blockchain-related companies worldwide. ArkStream Capital, another investor in the round, is an advisory and investment firm focused on helping businesses develop and scale through blockchain technology. Cogitent Ventures, on the other hand, is a global venture capital firm that invests in emerging technologies in fintech, health tech, smart cities, and other sectors. Token Metrics, led by Ian Balina, provides data-driven cryptocurrency research and analysis tools for investors.

In summary, the three keywords from this news are blockchain infrastructure, seed round financing and Ngc Ventures. Smooth Labs’ securing a multimillion-dollar seed round financing led by NGC ventures will undoubtedly accelerate its expansion of blockchain infrastructure leading to a more inclusive, secured, and efficient blockchain ecosystem for all.