In March, BFMeta, a public chain for the metaverse, concluded its pre-A investment round with a $1 billion valuation. The project was initiated by the Future Development Metaverse Foundation (FDMF), based in Singapore. BFMeta is built on Biofest Chain, a mobile blockchain operating system that is open source and created to promote the adoption and development of Web3. The platform's consensus algorithm is secure and energy-efficient, providing distributed storage, computing, and cross-chain capabilities.
BFMeta has been developing the fundamental building blocks of the blockchain for seven years, contributing significantly to the development of the metaverse ecosystem. The latest funding round will be utilized for continuous research and development at the BFMeta lab and establishing a global developer community for the platform. With its highly scalable consensus protocol, native cross-chain, distributed storage, and computing capabilities, BFMeta is dedicated to driving the development and use of Web3 mobile applications.
As of today, the project gathered 91 national invention patents of blockchain technology and got 250,000+ blocks synchronized to the local mobile terminal. The innovation behind BFMeta attracted not only the crypto community but honored Nobel laureates, among them - George F. Smoot, Honorary Chairman and Chief Scientist of the BFMeta Global Technology Ecology Committee and Nobel laureate in Physics (2006) and Barry C. Barish, Honorary Co-Chairman and Chief Scientist of the BFMeta Global Technology Ecology Committee, Nobel laureate in Physics (2017).
Currently, BFMeta has created a self-contained and comprehensive operational structure for the evolution chain, which allows for cross-chain interoperability of digital assets and trading. They were among the pioneers to expand the use of blockchain to mobile devices, enabling on-chain voting governance, an ultra-light storage, and a BNRTC network mechanism that supports mobile network communication.
After obtaining investment from Goldman Sachs (UK), BFMeta is committed to equipping developers with all the necessary resources to create, trial, develop and execute dApps/dWeb applications.
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