English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 4 December 2020, 19:00 HKT/SGT
Share:
    

Source: BTX Capital
BTX Capital Announces $3M Investment in Partnership with TheAPIS, an Open Source API Platform

SAN FRANCISCO, CA, Dec 4, 2020 - (ACN Newswire) - TheAPIS, an open source, decentralized API platform, has announced a $3 million strategic investment from BTX Capital, a leading crypto investment bank. With their new partnership, they aim for a new era in which developers receive a share in the profits made by companies that benefited from the economies of scale and network effects they made possible.




TheAPIS is a developer-built platform that manages communications between DApps and blockchains via only a few simple APl calls, reducing the inherent complexity of blockchain protocols. The goal of their APISCore product is to manage these intricacies, to eliminate the entry barrier to dApp creation by connecting APIS to their conventional backend or even the No-Code/Low-Code app builder. The APIS empowers connectivity to multiple blockchains with the same API calls, rendering chain-agnostic implementations, with cost-free chain-switching. With cross-chain interoperability supported by APIS-Unified, projects have the capability to scale their products across various blockchains in a decentralized manner.

"We are excited to continue our synergistic relationship with BTX and are grateful for all they've already done for our current growth. We believe a future in which developers own equity in the databases that they make popular is a fairer and better future for the Web. BTX is fully aligned with us in our vision," said Calvin Pak, CEO of TheAPIS. BTX Capital is providing APIS with access to its investment, trading and advisory arms and is now in the process of connecting the network to prominent ventures and developers around the DeFi and Web3 communities.

BTX's tokens are fully locked for the following year, with the TheAPIS team reserving the right to extend the lock-up at any time over the following year. Both partners agreed that the optional extension can help ensure that incentives of the BTX and TheAPIS teams are fully aligned with TheAPIS community owners. "Our community owners are our highest priority shareholders, a non-negotiable feature of the journey of TheAPIS," Pak added.

Initially, TheAPIS would ensure that third parties are able to access data from Ethereum and Filecoin, and all other relevant blockchains with uptime guarantees. It is expected that more blockchains would be supported on the platform.

For more information, please visit the official websites.

About TheAPIS

TheAPIS offers a developer-friendly platform that serves as a turn-key solution for indexing and querying public blockchains, namely Ethereum and Filecoin. Open-sourced, developers will be able to create API packages that serve every category of blockchain applications - from DeFi to Oracle to File Storage. For more information, please visit TheAPIS official website: www.theapis.io

About BTX Capital

BTX Capital is a leading crypto investment bank offering technical consulting services across the blockchain spectrum. Its staff comes from listing departments for top crypto exchanges and top token funds. Through their consulting services on the offering of plans and personnel and their in-house marketing department, BTX Capital strives to provide the most effective services to empower top-tier blockchain projects to meet the demands of first-tier exchanges. For more information, please visit the BTX Capital official website: www.btxcap.com


Topic: Press release summary
Sectors: FinTech & Blockchain, Venture Capital
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Automation and traceability platform Verofax raises $1.2M Seed funding  
Mar 8, 2021 22:28 HKT/SGT
Top CX Leaders from India are Gathering Virtually to Discuss the Roadmap for Rebuilding India's Technological Ecosystem  
Mar 8, 2021 19:52 HKT/SGT
World CX Summit - Asia to Discuss Latest Trends in Customer Experience Management, Explore Innovations that Can Empower Businesses  
Mar 8, 2021 19:39 HKT/SGT
NEC Joins the CONNECT Landmark Public-private Initiative for Precision Cancer Medicine  
Mar 8, 2021 13:28 HKT/SGT
Edvantage Group (0382.HK) Announced Fourth Consecutive Positive Profit Alert Since Listing  
Mar 8, 2021 13:20 HKT/SGT
Hitachi Joins 'The Valuable 500', an International Initiative to Promote Disability Inclusion  
Mar 8, 2021 11:28 HKT/SGT
UNISOC and Ericsson Complete 5G NR 700MHz DL 4x4 MIMO Tests  
Mar 8, 2021 10:00 HKT/SGT
No. 1 in Fujian! RMB 880 Million of Import and Export of Agricultural and Fishery Products at Pingtan Port in 2020  
Mar 8, 2021 10:00 HKT/SGT
GBA Healthcare Working Group Releases White Paper as First Asset in Blockchain Ethical Design Framework for Healthcare  
Mar 8, 2021 07:27 HKT/SGT
UREEQA Welcomes Dean Drever, a Sculptor Who Has Produced Multi-Million Dollar Works of Art  
Mar 8, 2021 06:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575