Decentralized Data Storage Platform IAGON Announces $3.4 Million Funding Round Led by LedgerLink Labs

IAGON secures $3.4 million in funding from AU21 Capital, X21 and others.

Key Points.

IAGON Secures $3.4 Million in Funding from AU21 Capital, X21 and others

Cardano dApps ecosystem taking shape

Norwegian decentralized data storage platform IAGON will reinvent the big data industry with a Cardano-based solution, according to U. Today, June 29.

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Cardano-based data platform IAGON closes funding round
IAGON, a blockchain-based data storage team, has closed a $3.4 million seed funding round led by LedgerLink Labs and led by Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Cinchblock, Panony, X21 Genblock, Alphabit, Launchpool, GBV Capital, Trustdao Network, Faculty Group, Llamas, BH Investments, Next Chymia Consulting and others.

IAGON will use the new funding to drive the deployment of a scalable decentralized data storage platform. the IAGON mechanism is already running on ethereum and the next step is to release it on Cardano.

Navjit Dhaliwal, co-founder of IAGON, emphasized the importance of this release to the decentralized community as a whole.

We are delighted to have such a wide network of investors in the crypto ecosystem supporting and following Cardano. with the support of the institutional and grassroots crypto community, we are expected to be a decentralized alternative to AWS and all other large tech cloud infrastructures.
Cardano dApps Ecosystem in the Making
IAGON is a pioneer in Cardano (ADA) blockchain big data decentralized applications. Due to its novel design, IAGON allows the storage of all types of files including big data repositories and large media files.

In addition, it is suitable for regular users. In addition to storage, IAGON also guarantees the security of computing and provides a reliable technical platform for highly loaded systems.

Previously, U.Today reported that Cardano developers are testing the first Plutus smart contract within the Alonzo test network framework.

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