Overview

Chia Network provides secure and sustainable blockchain technology through a decentralized architecture that uses advanced cryptography across a global network of over 100,000 nodes. Its focus on security and sustainability sets it apart from competitors that prioritize simplicity and quick adoption, as Chia consumes less energy than traditional blockchains. The company's DataLayer offers a decentralized data store that is resistant to fraud, and its technology can integrate with existing databases, ensuring privacy and security. Chia Network aims to enhance trust, transparency, and efficiency for a wide range of clients, from artists to large organizations.

Simplify's Take

What believers are saying

• Partnership with Google Cloud enhances scalability and integration capabilities.
• Effie Datson's appointment may boost blockchain adoption in finance.
• ChiaTCG trading card game showcases potential in the NFT gaming space.

What critics are saying

• Reliance on Proof-of-Space-and-Time may face competition from new consensus mechanisms.
• Progress towards IPO may increase regulatory scrutiny and compliance costs.
• Dependency on Google Cloud could pose risks if service disruptions occur.

What makes Chia Network unique

• Chia Network uses Proof-of-Space-and-Time for a sustainable blockchain solution.
• The company offers decentralized architecture across 100,000 nodes in over 100 countries.
• Chia Network's DataLayer provides secure, fraud-resistant decentralized data storage.

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Funding

Total Funding

$67.8M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

Andreessen HorowitzGreylock Partners

Notable Investors:

Andreessen HorowitzGreylock Partners

$61,000,000

Series D

May 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$49M

$50M

$61M

$70M

$80M

$100M

View all funding stages