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Formation logo — Cloud Scale. Edge Speed. Where It Matters Most.

Formation

Cloud Scale. Edge Speed. Where It Matters Most.

Founded 2022 United States Miami, United States 8 employees Seed Total: $3.70M Blockchain

General Information

Company Name Formation
Founded Year 2022
Location United States Miami, United States +1
Employees 8
Industries Blockchain
Funding Stage Seed
Social

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About Formation

Versatus is revolutionizing decentralized development beyond smart contracts with its universal dApp engine. The company's mission is to contribute to the decentralization of the web, empowering users to reclaim control from dominant corporations. Its flagship product, Language-Agnostic Stateless Rollup (LASR), addresses the shortage of Web3 developers by enabling them to utilize existing programming skills, such as JavaScript and C++, to build Web3 programs. The launch of its betanet and LASR in early 2024 marked a significant milestone. The Seed Round investment of $2.30M in December 2023 from prominent investors including NGC Ventures, Republic, and Hyperithm has provided the company with the support to scale up developer onboarding and aims to welcome 10,000 Web2 developers to Web3 while targeting 500 projects to build on the Versatus network. As a Blockchain startup founded in 2020 in the United States, Versatus is positioning itself as a pivotal player in driving the development of decentralized applications. With the clear focus on enabling developers to build cross-chain applications more efficiently, Versatus is on course to be a key enabler for the #Web3ForAll movement.

Taxonomy: Decentralized development, Web3 development, Smart contracts, Full-stack applications, Programming languages, Blockchain technology, Developer onboarding, Consensus algorithm, Proof of Claim, Web3 adoption, Node accessibility, Blockchain scalability, Web3 projects, Developer empowerment, Data privacy

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Initial Coin Offering •••••• - 06 Dec 2023
Seed Round •••••• 3
Investor Investor Investor
06 Dec 2023
Pre Seed Round •••••• 3
Investor Investor Investor
08 Feb 2023

Formation Alternatives & Competitors

Formation vs
Versatus
Versatus United States

The Integrated Cloud. Decentralized, Elastic, Verifiable.

10 employees
Fintech, Information Technology
Formation vs
Decentralab Pte. Ltd
Decentralab Pte. Ltd Vietnam

A High-Quality Web3 Studio

19 employees
Blockchain, Information Technology
Formation vs
Analog
Analog United States

Seamless interoperability for a truly decentralized future.

Initial Coin Offering
53 employees
Blockchain, Crypto
Also compare with: Formation vs Herodotus Herodotus

FAQ About Formation

Cloud Scale. Edge Speed. Where It Matters Most.
Formation was founded in 2022.
Formation is headquartered in Miami, United States.
Formation operates in the following industries: Blockchain.
Formation has approximately 8 employees.
Formation has completed 3 funding rounds, raising a total of $3.70M. The latest funding stage is Seed.
Top alternatives and competitors to Formation include Versatus, Decentralab Pte. Ltd, Analog, Hiro, Herodotus. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Formation and Versatus are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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