Blockchain Fintech Startups News

Yida Gao and Shima Capital Invest in Blockchain Infrastructure Startup Artela

Yida Gao and Shima Capital Invest in Blockchain Infrastructure Startup Artela

Shima Capital announces its seed round investment in Artela Network, a blockchain infrastructure startup founded by a team of industry veterans. Other contributors in the round include A&T Capital, Big Brain Holdings, SevenX, Dispersion, Amino, and others.

The Artela team is pioneering a unique solution designed to answer the rising need for large-scale, decentralized apps by creating a base-layer blockchain network. The unique architecture of Artela encourages developers to create custom extensions in a modular style directly on the blockchain’s base layer. This facilitates improved programmability within the blockchain and equips developers to create custom functions in a nimble and dynamic fashion, speeding up the pace of innovation and widening the scope of possibilities.

Latest Fintech News: RISC Zero Raises $40 Million in Series A to Advance Zero-Knowledge Technology for WEB3 & Enterprise

“Artela formally brings to web3 the web2 paradigm of aspect-oriented programming by introducing an extensible blockchain network that allows builders to construct modules and extend modular services to achieve chain-native customization within a single public blockchain network,” said Yida Gao, Founder and Managing General Partner at Shima Capital.

Latest Fintech News: QuickNode Now available in the Microsoft Azure Marketplace

Shima is excited for what the future holds at Artela. The company is also introducing an extension layer called Aspect which will allow the inclusion of a user-defined native extension. Aspect amplifies programmability and ensures seamless integration with existing smart contract models. The company has said it plans to release the Aspect whitepaper and kick off the first testnet later in 2023.

Latest Fintech News: OKX and Heybit Partner to Offer Leading Auto-Trading Strategy ‘Alpha on OKX’

[To share your insights with us, please write to]

Related posts

Galileo Appoints Archie Puri as Chief Product Officer

Fintech News Desk

N-Tier Unveils Consensus-Based Reference Data Blockchain Tech

Fintech News Desk

Qube Money and Galileo Financial Technologies Form Innovative Partnership

Fintech News Desk