Bware Labs Closes $1.2 Million Strategic Private Placement Led by Ascensive Assets

Bware Labs, a decentralized API management tool, has just closed a strategic private funding round, raising $1.2 million.

Bware Labs (BWR) solves the problem of decentralized API management by connecting end users and node providers with API tools, U.Today reported on May 24. It just closed a strategic private funding round to raise $1.2 million.

The funding round was led by Ascensive Assets, a venture capital fund focused on early-stage cryptocurrency-oriented startups. Waterdrip Capital, Vendetta Capital, Blockchain Project Avalanche Foundation (AVAX) and ANKR participated.

Flavian Manea, co-founder and CEO of Bware Labs (BWR), noted that a multi-network approach to providing node connectivity is a key focus of the team.

Our goal is to democratize access to blockchain nodes, with all ecosystem developers having the tools they need to build and improve across multiple networks.
Ether, AMAX and Coin Smartchain (BSC) will be the first platforms to deploy the Bware Labs (BWR) infrastructure.

Bware Labs introduces collateral to improve node reliability
Bware Labs (BWR) brings decentralization to the B2B segment of the API market. It provides access to WebSockets and RPC and allows users to purchase subscription plans through MetaMask.

Bware Labs and external node provider payments are supported. To ensure reliability of node connections, the company implemented BWR token collateral.

In the next phase, Elrond, Polka and Polygon (formerly Matic) will be integrated into the Bware Labs ecosystem.

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