Harmony

Harmony

Blockchain platform for secure transactions

About Harmony

Simplify's Rating
Why Harmony is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Cybersecurity

Crypto & Web3

Company Size

201-500

Company Stage

Seed

Total Funding

$17.5M

Headquarters

Mountain View, California

Founded

2018

Overview

Harmony is a blockchain platform that enables fast and secure transactions for businesses. It uses technologies like state sharding and peer-to-peer networking to facilitate the creation of marketplaces for both fungible tokens, such as energy credits and loyalty points, and non-fungible assets, including game collectibles and real estate. The platform provides a strong infrastructure for decentralized applications, generating revenue through transaction fees and partnerships with enterprises that want to use blockchain for secure data sharing. Harmony also prioritizes consumer privacy by employing zero-knowledge proofs, making it suitable for industries like advertising and credit ratings. Its recent launch on Binance and the Day ONE Mainnet showcases its expanding role in the blockchain ecosystem.

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Simplify's Take

What believers are saying

  • Harmony's AI integration enhances user engagement and platform capabilities.
  • Dynamic sharding optimizes blockchain efficiency, setting new industry benchmarks.
  • Partnerships with enterprises boost Harmony's presence in real-world applications.

What critics are saying

  • AI bot launch may attract scrutiny over data handling and AI ethics.
  • Reduction in shards and nodes could raise security and decentralization concerns.
  • Past security breaches may deter potential investors and partners.

What makes Harmony unique

  • Harmony employs state sharding for fast, secure blockchain transactions.
  • The platform supports both fungible and non-fungible token marketplaces.
  • Harmony uses zero-knowledge proofs to ensure consumer privacy.

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Funding

Total Funding

$17.5M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$18M
Harmony

Benefits

$250K total annual: $150K base salary, $100K in vesting tokens

Semi-annual performance bonus, up to 100% over base compensation

Full coverage on medical, maximum 401K matching, international travels

Remote-friendly communication with extensive writing and open development

$25K for referral after 180 days on job

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Blockonomi
Jun 12th, 2024
10x Your Wealth: Invest in This Promising mid-cap token

Bitgert recently partnered with Ankr, the top infrastructure provider for Web3, to attain maximum performance and scalability of its blockchain network.

Cryptocurrency PR Distribution
Oct 4th, 2023
Harmony and Filecoin Price Predictions Confound Experts, Everlodge Emerges as the Bull Market's Unstoppable Leader!

Harmony launched an AI bot as part of its expansion move, which has garnered significant attention.

PR Newswire
Jun 15th, 2023
Harmony: Year Of Efficiency And Ai

PALO ALTO, Calif., June 14, 2023 /PRNewswire/ -- Harmony , an open and fast blockchain that runs Ethereum applications with 2-second transaction finality and 100 times lower fees, is actively developing platform initiatives to drive network utilization, decentralized finance primitives, and generative AI products.Below outlines our commitment and progress of building Harmony as an open platform. We are upgrading for network efficiency and engaging validators for open development. As the blockchain industry expands, Harmony is now incubating use cases in generative AI and platform primitives.Harmony is developing initiatives to drive network utilization, financial primitives and generative AI products. Tweet this Harmony: Year of Efficiency and AIYear of EfficiencyThe core team and the community are proposing Harmony Improvement Proposal 30 :Dynamic sharding : Change from 4 shards to 2 shards, and from 1000 nodes to 450 nodes.: Change from 4 shards to 2 shards, and from 1000 nodes to 450 nodes. Fast finality : Optimize from 2 seconds to 1 second finality as a new industry benchmark.: Optimize from 2 seconds to 1 second finality as a new industry benchmark. Validator fellows: Re-engage active validators and launch new delegator campaigns.Decentralized Finance PrimitivesHarmony continues to build the foundation for developers with Ethereum tools including:Uniswap v3 fork : This deploy will provide pools of concentrated liquidity through community governance on listings and fees.: This deploy will provide pools of concentrated liquidity through community governance on listings and fees

Yahoo Finance
Jun 9th, 2023
Poolz Obtains $1M Grant from Harmony to Boost Growth of Emerging DeFi Startups

Saint Vincent and the Grenadines--(Newsfile Corp. - January 27, 2022) - Poolz Finance, a leading DeFi launchpad, has received a $1 million grant from Harmony Network to help incubated startups integrate Harmony in their projects. This adds more tools to the Poolz arsenal and further increases the value-add for the projects selected for its Launchpad.Poolz and HarmonyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8506/111756_112c48fb847e39fe_001ful

Harmony
Apr 14th, 2023
Harmony Protocol Technical Quarterly Report and Roadmap for Q2 2023

Stream Sync: Harmony introduced an advanced synchronization process called Stream Sync, which builds upon the existing State Sync mechanism to improve network efficiency and performance further.

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