More than 20 legitimate investors, known VCs in the blockchain industry, have committed their support and consideration towards PolkaFoundry. Overall, the contribution to this private venture is worth almost $2 million. The solid assist from the blockchain community’s leading names, the campaign output oversubscribing the target by over ten times is a solid reason to take PolkaFoundry seriously. The massive interest and trust mirrors the enthusiasm around PolkaFoundry’s dApp-service production team. A dedicated platform comes with built-in services and tools to create a functional DeFi application on Web 3.0.
The new payment protocol is said to operate on the basis of private token minting from base tokens. The minting value ratio foreseen stands at 1:1 with zkSNARKs being crucial in maintaining anonymity. The latter is responsible for providing all of the required details and information for data parsing. The Zether framework is applied on the network for the second-layer decentralized anonymous payment module, as the Raze Network allows for three main constituent functions that users can resort to, namely – mint, transfer and redeem.