Ayre Ventures, the funding group based by Calvin Ayre, has closed a $1.23 million funding spherical with Vaionex Corporation, the Blockchain-as-a-Service (BaaS) agency that has turn into a vital a part of the Bitcoin SV (BSV) ecosystem.
In a press release, Ayre hailed Vaionex for creating “a funnel that brings developers and non-developers alike into the BSV ecosystem, identifying major pain points and simplifying them for both entrepreneurs looking to build new businesses as well as existing companies looking to incorporate blockchain benefits into their operations.”
Indeed, Vaionex co-founder Robin Kohze describes his firm as an ecosystem all by itself. From humble beginnings, Vaionex is now a gaggle of corporations primarily based on the view that “all enterprises ultimately need to have some blockchain component in it, for micropayments, tokenization, ownership aspects and more.”
Vaionex operates three separate enterprise items – Joint Ventures, #Blockchain as a Service and Consultancy.
We see these as key strategic items to rising the #BitcoinSV ecosystem and accelerating world adoption.
Get in contact with us by way of [email protected] to search out out extra. pic.twitter.com/Ghd5CjS0eX
— Vaionex (@Vaionex_Corp) January 27, 2022
Kohze believes blockchain know-how is simply “so much leaner than the existing infrastructure. Where once you needed a team of 20 coders and an extended support team, you can now build the same product with a single developer.”
But whereas curiosity in blockchain is excessive, resistance to incorporating blockchain tech stays, partially as a result of notion of the challenges concerned. Vaionex goals to alleviate these considerations by offering corporations with a approach to seamlessly combine blockchain tech whereas making certain reliability, all with out breaking one’s price range.
Humble beginnings at Cambridge
Kohze, a genetics division PhD scholar on the University of Cambridge simply months wanting commencement, isn’t any newcomer to BSV. Kohze was taken by Dr. Craig Wright’s insistence that the unique Bitcoin protocol may simply transcend the capability restrictions zealously enforced by the BTC developer staff. A step BSV has taken to create “one global blockchain” that focuses on worldwide infrastructure utility reasonably than short-term financial schemes.
As Kohze instructed CoinGeek, Bitcoin’s standing because the preliminary blockchain-based know-how makes it “the most stable token protocol out there.” If Bitcoin was scalable with out protocol modifications it will make it “pretty much superior to all the other blockchains.”
In November 2018, instantly after the BSV/BCH break up, Kohze invited Wright to debate the way forward for BSV in Cambridge. The pair mentioned the probabilities that might come up as soon as BSV demonstrated its capacity to scale to not solely meet the necessities of a very cost-effective digital foreign money but additionally an immutable information storage platform. Kohze says Wright defined his perception and confidence that BSV would in the end “roll up all the different blockchains into BSV,” which might permit all builders to construct on one platform, a lot as they construct on one web.
Inspired by Wright’s imaginative and prescient of a Metanet, Kohze based the Cambridge University Metanet Society in April 2019 to assist the research and development of BSV with the final word intention of constructing blockchain-driven Metanet functions. With monetary help from the Bitcoin Association, the Society has carried out dozens of occasions along with its Phoenix Challenge coding competitors.
Kohze himself isn’t any slouch within the coding enviornment, having acquired two Google Summer of Code stipends and profitable a collection of competitions. Among them, Kohze gained CBhack 2019, a Cambridge hackathon with 120 contributors and bought second-place on the worldwide CoinGeek Seoul Hackathon.
The success of the Metanet Society led Kohze to staff with long run acquaintance and former supervisor Dr. Samuel Schmidt, a earlier postdoc at Cornell University with an enthusiasm for BSV to match Kohze’s, resulting in the launch of Vaionex in 2020. One of their first endeavors was Satolearn, a blockchain training platform that was inbuilt a matter of months at a price of solely $4,000 however has since had sustained scholar success and even grew to become an integral a part of the fintech curriculum on the University of Exeter. Talks are ongoing with different faculties concerned about including Satolearn to their curriculum.
Kohze stated Satolearn was designed as a “fun interactive learning experience” that might additionally problem customers by requiring them to work together with the blockchain by way of coding. By the time a scholar has completed this system, they’re not simply higher educated on blockchain issues however precise blockchain builders. The platform has been so profitable that business corporations are more and more utilizing it to ‘upscale’ their staff.
Bitcoin’s Swiss Army knife
Kohze and Schmidt acknowledged that many corporations want to combine the optimistic features of blockchain know-how however didn’t need to impose pointless delays on their progress. This impressed Vaionex to develop Relysia, the ‘super-tool for developers and entrepreneurs.’ More particularly, Relysia is a BaaS development suite that employs over 60 Application Programming Interface (API) endpoints that guarantee swift and dependable integration of pockets creation, token issuance, good contracts and extra.
Kohze stated Relysia “can cover almost any possible blockchain application,” a declare borne out by the experiences of 16 initiatives accomplished over the previous 18 months. Vaionex has been rolled out to 22 corporations this yr alone and instantly collaborates with companies to proceed to enhance the robustness of its methods.
An extension of Relysia infrastructure is Metashard, a resource-efficient platform for registering and managing information for which authenticity is important. In preserving with Vaionex rules, integration doesn’t require customers to make any technical configurations, easing their approach to storing recordsdata on-chain with assured integrity whereas remaining simply accessible.
At the latest BSV Global Blockchain Convention in Dubai, Kohze unveiled a variety of new Vaionex initiatives, together with Transpiler, a ‘wormhole to efficiency’ that reduces transaction charges by 99.99%. Just by going to transpiler.bitcoinsv.com, a developer can enter an current good contract and get an sCrypt contract that may with one click on be transformed to low-level Bitcoin Script language.
Kohze additionally touted SV Agency, which (amongst different issues) will permit WordPress customers—who’re liable for 43% of web content material – to submit not solely to the web however concurrently to the BSV blockchain. With the idea of ‘truth’ being considerably malleable as of late, there’s a necessity to make sure that the content material customers submit is “unchanged, authentic and yours,” one thing solely the immutable blockchain can present.
Vaionex can also be bringing some badly wanted utility to the NFT sector with NFTech, a partnership with Gravity that permits customers to commoditize totally different belongings. Utility can also be the main target behind Vaionex’s STAS good contract platform that may deal with dynamic information tokens, royalty tokens that pay the preliminary consumer with each switch and multi-output tokens that may be despatched to dozens of customers with a single transaction.
Transaction quantity is the actual ‘number goes up’
Kohze cited a latest Ethereum presentation that cited larger token worth resulting in a better market cap that creates bandwidth for better funding. Kohze wasn’t certain this might apply on the enterprise stage, as a result of whereas Ethereum had a big investor group, almost all enterprise exercise on Ethereum has moved to Layer 2 options like Polygon as a result of Ethereum’s base layer merely can’t scale to satisfy enterprise-level necessities. Now Polygon has its personal scaling points, and Kohze notes that including further layers/protocols brings safety points that are likely to make enterprises nervous.
Kohze is assured of BSVs aggressive benefit “for the simple reason that when you build on Ethereum you have to ask for the transaction fees, therefore you cannot just start developing.” By comparability, the BSV blockchain’s capacity to allow true micro-transactions permits Relysia to supply plans that value as little as $30 for a million on-chain transactions. “With Relysia, you can directly start developing without any transaction fee burden and thus less onboarding friction than any blockchain platform out there, and that gives us the long-term advantage.”
The plans forward
With sustained enterprise success over the previous 18 months, Vaionex has grown to an organization of 33 members and goals with the brand new workplace extensions in Dubai and India to satisfy operational calls for. Kohze states, “Vaionex has always stood for fast and efficient blockchain development at competitive price levels. Staying lean allowed us to be competitive, experimenting with new software architectures not explored previously. We will uphold our core philosophy during this transformative process with significantly more resources at hand.”
To the character of the funding, Kohze responded: “Investment should always proceed product market fit. After Vaionex grew from a small company to one with significant revenue growth we are now confident to double down on the path taken and were thus keen to raise the required funds to accelerate the process. Ayre Group came at the right time as their biddings not only matched competitive funds, but moreover represented a deeply reliable partner in our growth path within the BSV ecosystem.”
Watch: BSV Global Blockchain Convention presentation, Vaionex: Frictionless Blockchain Solutions
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