SAN FRANCISCO – 09/03/2024 – (SeaPRwire) – In a landmark move for the Web3 ecosystem, Cosmology, a pioneering technology suite designed specifically for the Cosmos ecosystem, has successfully secured a $5 million seed funding round. This significant financial infusion was co-led by esteemed investment firms Galileo and Lemniscap, with notable contributions from an array of investors including Dispersion, Hashkey, Tuesday Capital, the Osmosis Foundation, Chorus One, Informal Systems, and a number of angel investors such as Kevin Lin, Zaki Manian, Leland Lee, and Ethan Beard. As a newly minted cornerstone of the Interchain Stack, Cosmology is set to revolutionize the way over 2,000 developers conceive and execute Web3 applications, providing a much-needed bridge between innovative ideas and their fruition in applications akin to dYdX, Osmosis, and Celestia. This round of funding earmarks a new chapter for Cosmology, enabling it to bolster the burgeoning interchain ecosystem while democratizing application development through tools that simplify the process, making it accessible to those without an extensive background in blockchain technology.
Cosmology’s funding heralds a new era for Web3 application development, promising to dismantle the barriers that have traditionally hindered progress in this space. Dan Lynch, the visionary founder of Cosmology, brings to the table nearly three decades of experience at the nexus of design and technology. He is passionately committed to the ethos of Web3 and is acutely aware of the imperative to lower the thresholds for development within this sphere. Lynch’s ambitious mission for Cosmology is to galvanize a diverse array of developers, thereby catalyzing innovation and facilitating the transition from Web2 to Web3. This mission is actualized through Cosmology’s suite of development tools, which empower developers to swiftly translate their visionary concepts into operational applications, focusing on overarching themes rather than the intricate technical minutiae associated with blockchain technology.
One of the key achievements of Cosmology has been the dramatic simplification of the Web3 application development process. Its suite of tools, which has been downloaded over 5 million times, stands as a testament to its impact across the interchain. Noteworthy among these tools are Telescope, a generator of user-friendly TypeScript libraries that allow developers seamless access to the functionalities of Cosmos blockchains, and Cosmos Kit, a universal wallet adapter that facilitates easy interactions between Cosmos blockchains, wallets, and applications.
Sunny Aggarwal, the founder of Osmosis, lauds Dan Lynch’s contributions to the developer tooling landscape within Cosmos, noting that Cosmology has streamlined the development process across the ecosystem’s 100+ blockchains. Initially focusing on front-end tools, Cosmology is now expanding its horizons to offer a comprehensive full-stack environment for developers. This strategic expansion has seen the Cosmology team bolster its ranks with experts in key blockchain technologies such as Tendermint, Cosmos SDK, and IBC Protocol. This expansion not only enhances the suite’s capabilities but also provides Cosmology with the bandwidth to support developers comprehensively, from design through to deployment.
David Feiock, Managing Partner at Galileo, emphasizes Cosmology’s critical role in the Cosmos and Celestia ecosystems. The tools developed by Cosmology, such as Telescope, significantly reduce complexities for developers, thereby accelerating innovation and iteration cycles. This, according to Feiock, is indispensable for the forthcoming growth phase in the crypto sector.
The sentiment is echoed by Roderik van der Graaf, Founder of Lemniscap, who points out the deterrent effect of Web3’s perceived complexity on Web2 developers. Cosmology, he asserts, is crucial in enabling developers to integrate Web3 elements into their applications without the daunting learning curve. Tuesday Capital’s Managing Partner, Pat Gallagher, draws attention to Dan Lynch’s invaluable experience with low-code platforms, asserting that Cosmology is democratizing digital landscape access for businesses and developers with an Adobe-style suite of products.
Dan Lynch draws an analogy between the early days of the internet and the current threshold of a revolution with the Internet of Blockchains. He envisages a future where Web3 is as accessible and user-friendly as its predecessor, propelled by platforms like Cosmology that make digital participation feasible for all businesses.
As the Cosmos ecosystem evolves into an increasingly interconnected network of blockchains, Cosmology stands at the vanguard, facilitating the development of interchain-native applications. This funding round is a pivotal moment for Cosmology, enabling it to further develop the essential tools that position Cosmos as a leading hub for Web3 development.
About Cosmology
Cosmology is poised to become the Adobe of Web3, offering a synergistic suite of products that ignite creativity among builders. The platform is dedicated to crafting a seamless developer experience for cross-chain dApps, simplifying everything from encoding and signing to user interfaces and wallet adapters. Cosmology’s tools have set a new standard in the interchain, serving a community that spans 100+ chains and numerous smart contract projects within the Cosmos ecosystem. Today, hundreds of developers leverage Cosmology’s software to create a diverse array of applications, from DEXes and wallets to governance tools, NFT platforms, and more.
SOURCE Cosmology
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