This article was first published on Waves Platform - Medium
New addition to Waves ecosystem, Vostok project, secures USD 120 million in first investment round.
The Vostok project, a part of Waves ecosystem focused on implementation of Waves technologies in enterprise and government IT-systems, has secured a USD 120 million funding round from private and institutional investors.
Waves & Vostok Interaction
Waves Platform was founded on the principle that blockchain is a technology of and for the people. And while the reach of our project has expanded to cater to a wider category of users, we have never lost touch of this — we continue to view blockchain as a driver of change.
Blockchain technology, specifically, has become more adaptable for use in enterprise and the public sector — it is now possible to build customisable high-performance networks, without compromising security and privacy.
In a bid to leverage these new capabilities, and inspired by our global initiative to build and develop a blockchain layer of the Web 3, we have developed the Vostok platform.
While compatible with the Waves public chain, Vostok represents a universal blockchain solution for scalable digital infrastructure comprised of two constituent elements:
• a fundamental technological innovation — the Vostok private blockchain platform;
• a means of maintaining, developing and optimizing the platform — the Vostok system integrator.
The project will not only benefit the market position of our growing Waves ecosystem as it uses the Waves-NG protocol, but also our loyal community will also gain financially through a planned airdrop of 3% of the overall supply of Vostok system tokens (VST).
We are also currently looking into the legal conditions for running a public VST token sale exclusively for Waves token holders. In case if the public sale deemed legally viable, it will be carried out only through Waves system token.
The launch of the Vostok project will be followed by establishing a new global ...
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Waves Platform - Medium