What is the project about Vara Network is a substrate-based future proof smart contract platform that is fast scalable and makes it simple to create and deploy next-generation Web dAppsVara is the first standalone network in the Gear ProtocolGear is a next-gen cloud infrastructure platform providing most intuitive and frictionless environment for web and web developers to build complex infrastructure solutions and disruptive dApps for any ecosystemWhat makes your project unique Vara is built upon three core concepts The actor model and persistent memory two widely adopted primitives from massive computation and microservices architecture spacesWasm a WebAssembly-based virtual machine that runs on all modern browsers Proven to be faster than any alternative web virtual machinesVara was created to serve as a wasm-native hub for innovative protocols that leverage parallel execution and asynchronous programming to deliver leading decentralized products in any segmentHistory of your project Gear Protocol and the Vara Network...
больш падрабязнаWhat is the project about?Vara Network is a substrate-based future proof smart contract platform that is fast, scalable, and makes it simple to create and deploy next-generation Web3.0 dAppsVara is the first standalone network in the Gear ProtocolGear is a next-gen cloud infrastructure platform providing most intuitive and frictionless environment for web2 and web3 developers to build complex infrastructure solutions and disruptive dApps for any ecosystemWhat makes your project unique?Vara is built upon three core concepts:The actor model, and persistent memory — two widely adopted primitives from massive computation and microservices architecture spacesWasm — a WebAssembly-based virtual machine that runs on all modern browsers. Proven to be faster than any alternative web2 virtual machinesVara was created to serve as a wasm-native hub for innovative protocols that leverage parallel execution and asynchronous programming to deliver leading decentralized products in any segmentHistory of your project.Gear Protocol and the Vara Network were originally created by Nikolay Volf, one of the core developers of Polkadot. In 2021, he embarked on building an advanced layer 1 smart contract platform using Substrate, Polkadot's custom framework. His vision included creating a platform that enables fast and efficient execution of robust, feature-rich dApps while in a seamless development environment similar to that of Web 2.0 development. He did this by harnessing the power of innovative technologies like Wasm, the Actor Model, and Persistent Memory. These technologies significantly enhance smart contract development and provide a seamless end-user experience and provide the foundation for the development of Vara Network.1. Q2 2021 - Pre-Seed Round: In the second quarter of 2021, the Protocol secured its initial funding through a pre-seed round. This likely involved seeking investment from early-stage investors or venture capitalists to kickstart the development of the project.2. Q4 2021 - Seed Round: In December 2021 raised $12 Million in Venture Round. Private investment round led by Blockchange Venture. In addition to Blockchange, other top venture capital funds participated in this round, including Three Arrows Capital, Lemniscap, Distributed Global, LAO, Mechanism Capital, Bitscale, Spartan Group LLC, HashKey, DI Ventures, Elysium Venture Capital, Signum Capital and P2P Economy lead by Konstantin Lomashuk, along with a number of top executives of Web3 Foundation and Parity Technologies. Д-р Gavin Wood, Founder and ex-CEO of Parity Technologies and one of the key individual investors participating in this round.3. 2022 - Intensive Scaling and Development, First Test Integrations: Throughout the year 2022, Vara was focused on two primary activities. First, the engagement in an extensive outreach process to build up the team. Second, the project advanced its technical development efforts and started working on integrating their technology with various test environments to ensure its functionality and viability.4. Q4 2022 - Testnet Launch.5.
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