Kadena Raises $35M to Propel Revolutionary Blockchain Innovation with Scalable PoW and Pact Smart Contracts

In an exciting new chapter of growth and innovation, Kadena has successfully raised $35,000,000 to accelerate its mission of empowering crypto founders and revolutionizing blockchain technology. Founded in 2016 by industry pioneers Stuart Popejoy and William Martino, Kadena has emerged as a trailblazer in the blockchain space with its scalable layer 1 Proof of Work protocol and Pact, the safest smart contract language available. The funds will be strategically deployed to expand research and development efforts, enhance the proprietary chain architecture, and broaden market reach as the company continues to challenge conventional approaches to blockchain security and scalability. With the backing of this significant funding round, Kadena is set to further optimize virtually free gas and unparalleled throughput while delivering the level of security synonymous with Bitcoin. This new infusion of capital not only reinforces stakeholder confidence but also paves the way for advancing innovative solutions that minimize transaction fees and maximize transaction efficiency, enabling developers to focus on what matters most – pioneering technologies that make the world a better place. As Kadena pushes the boundaries of what blockchain solutions can offer, the investment also provides a strong vote of confidence in its unique approach. By leveraging its revolutionary technology and the robustness of Pact, Kadena continues to attract forward-thinking partners and clients eager to adopt a secure, scalable, and efficient blockchain. This funding milestone is a testament to Kadena’s commitment to fostering an ecosystem where cutting-edge innovation thrives, setting new standards for the entire industry and solidifying its position as a leader in the competitive blockchain landscape.