Umbrella Blockchain

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Umbrella Blockchain

UMBRA
Categories:
Internet of Things (IOT)InfrastructureLayer 1InteroperabilityIncubator

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Latest Price

2023

Year founded

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Total daily revenue

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Total revenue in last 30 days

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TVL

Should I buy UMBRA?

Summary: Umbrella is a web3 infrastructure platform (B2B2C) that enables apps that feel as seamless as web2 but are built in web3. What does this mean? Users don't need to know what a blockchain is, how a wallet works, or buy any tokens to engage with products that provide them value. Umbrella proves web3 is the evolution of the internet rather than a secular ecosystem by providing a gasless (free) environment for users, that's instantly cross-chain, private through zero knowledge, and scalable to 250k+ tps. We have a barebones testnet that we are building upon and are currently preparing our first product MVP to release by the end of October. We already have 6 products at mvp stage or later awaiting our chain's release to onboarded. As we're trying to prove a product focused web3 ecosystem that isn't token/gas gated we are scaling our feature development around these use cases. A key selling point to new dapps is our integrated services/support where we onboard existing web2 platforms into web3 and help products on other chains migrate to our environment. Our team has collectively been building blockchain networks and products for enterprises, the us govt., celebrities, and nonprofits for over 20 years. We have felt the pains of the useability problem as both users and developers deeper than most and are confident we are the right people to solve the problem.