Heralded as the swiftest platform operating on a public blockchain globally, Waves has unveiled the second phase of private funding dedicated to Vostok, a versatile blockchain framework and integrator catering to both governmental and enterprise domains.
It was announced in a press release provided by Vostok set on March 14th, Waves Platform is preparing another round of financing for its enterprise blockchain solutions, with strategic investors from Southeast Asia, China, and Europe already on board.
The initiative, first unveiled in 2018, involves the first funding round which previously garnered a $120 million influx, bolstering the project's blockchain enterprise capabilities alongside an estimate of another $120 million, pushing market capitalization towards a robust $1.2 billion.
Waves Anticipates a Thriving New Investment Phase
Initially rolled out to the community on April 12th, Vostok was introduced as a vital component within the Waves ecosystem, meant to deploy Waves’ technological advantages across enterprise and governmental IT frameworks, with aspirations to forge a blockchain-based layer instrumental for the decentralized web—often referred to as Web 3.0.
In a related event on October 23rd of the same year, Waves disclosed Medium regarding setting an unprecedented benchmark for daily transactions on their blockchain ledger, surpassing competitors like XRP, EOS, and ETH with a record 6.1 million transactions occurring over a single day, which elevated Waves to a notably favorable status among blockchain endeavors.
As Waves advances towards crafting technology to bolster the decentralized web, Vostok emerges as a critical component propelling this digital transformation for subsequent generations.
Having caught the attention of numerous international organizations, notably the renowned Sberbank, since its April 2018 announcement, London-based Dolfin stands ready to orchestrate the successive funding round.
The inaugural funding phase, executed in December 2018 among private investors, laid the groundwork for a subsequent phase shortly thereafter, proposing to sell 10% of future VST allocations after an initial round rated at 600 million dollars resulted in the distribution of 20% among institutional and private parties.
Distribution strategies hinge on the anticipated contributions both institutional and private investors can inject into the project's evolutionary path.
Upcoming Investment Drive Paves the Way for Emerging Markets
Scheduled to conclude by May 31st, 2019, the subsequent investment phase aims to achieve the sale of 100 million VST units within private circles, aspiring to amass a $1.2 billion capital influx.
During this period, Sasha Ivanov, who spearheads Waves Platform, aspires for this phase to unlock new market potentials, among other advancements.
Ivanov elaborates that Vostok exemplifies a private blockchain intertwining innovative technologies previously assessed for the international Waves blockchain, encompassing breakthroughs in Big Data, the Industrial Internet of Things, and Artificial Intelligence.
As per Dolfin’s CEO, headquartered in London, the current focal point is enticing institutional, VC, and mutual fund participants to heighten Vostok's appeal.
In anticipation of its second funding, Vostok is already generating intrigue in the sector, with preliminary press releases hinting at strategic discussions underway to deploy the inaugural Vostok-anchored projects in regions such as China, Europe, and Southeast Asia.
