Polybase raises $2M preseed

Decentralized database developer, Polybase has raised $2million pre-seed in a round led by 6th Man Ventures.

Created last year, 2022 by Gandhi and Calum Moore, Polybase is leveraging zero-knowledge technologies to create a decentralized database. According to Gandhi, the majority of current web3 developers use web2 or centralized databases to store structured data, which is counterproductive to their intended usage. 

However, the objective of Polybase “is to become the default database for web3, enabling developers to create trustless automated decentralized applications at a cost 1000x less than on-chain storage,” he continued. 

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