WILMINGTON – Telios, the Wilmington startup that gives a totally decentralized peer-to-peer e mail service supplier enabling its customers to ship and obtain encrypted messages and information, has been chosen as a grantee challenge to construct on high of Coreum, a third-generation enterprise-grade blockchain.
The startup is amongst a half dozen startups chosen as grantees, all of which might be backed by the Sologenic Development Foundation, in accordance with a press release.
Coreum is a blockchain that the group says “offers core infrastructure for the way forward for decentralized blockchain functions, from asset tokenization and banking to Metaverse and gaming sectors.”
Its protocol already helps Bitcoin, Avalanche, R3 Corda, Tron, and Fantom, a press release notes.
Cryptocurrency is crashing this yr, however the underlying know-how nonetheless permits entrepreneurs viable choices to drive innovation.
“Throughout this bear market, when many cryptocurrencies and tasks are declining in worth, large gamers are getting again to the basics by inserting investments into the underlying know-how – into Layer-1 tasks,” mentioned Bob Ras, a co-founder of Sologenic, in a press release. “As an enterprise grade blockchain, Coreum’s modular and interoperable design offers the core infrastructure mandatory for these grantee tasks to flourish, particularly amid these market circumstances.”
Telios will start to develop on the platform in November.