TEL-AVIV, Israel, Sept. 30, 2016 /PRNewswire/ -- In a major
endorsement, the acclaimed Silicon Valley-based NFX
Guild announced its partnership with Synereo in
developing an ecosystem of decentralized applications (dApps) on
top of Synereo's Blockchain 2.0 platform.
Logo - http://photos.prnewswire.com/prnh/20160930/413801LOGO
Synereo's Blockchain 2.0 platform is a Blockchain based
technology stack, enabling applications, sites and web-services to
exist, without them having to be stored in a centralized location,
effectively revolutionizing the way the internet works.
In an unprecedented move, NFX Guild announced the Blockchain 2.0
Program within the Guild, where it will select up to 3 teams
that are actively building their dApps using Synereo's tech stack
for the coming classes of the NFX Guild accelerator. This means
that up to a fourth of NFX's next class will be composed of dApp
developers, who build their applications on top of Synereo's
Blockchain 2.0 platform.
James Currier, Managing Partner at NFX, explained the Guild's
decision to choose Synereo's technology for the project,
stating:
"If you do the analysis, Synereo comes out as the superior
platform for developing decentralized apps. It runs fully
distributed instead of massively replicated. It's JVM top to bottom
rather than Python. It's forward compatible, vs other platforms
anticipating multiple hard- forks. Synereo has the identity layer
built in which provides distribution advantages and network
effects. Lastly, fine-grained concurrency, vs other platforms'
linearity, provides greater speeds and scalability."
Gigi Levy-Weiss, NFX Founding
Partner, added,
"We found the Synereo team to have a unique combination of
cryptocurrency and modern digital finance understanding alongside a
real understanding of developer requirements and the know-how of
how to build strong developer tools. We strongly believe this
combination puts Synereo in a great position to be the leader in
the adoption of blockchain tech into the everyday world."
The exclusive dApp development program is accessible only to a
select few of the most promising teams. To kickstart the program,
NFX Guild and Synereo will invite developers to participate in a
hackathon, presenting and developing their ideas for
Synereo-powered decentralized applications. Winners of the
hackathon, as well as handpicked laureates from Synereo's Project
11 grant project, will be invited to apply to the prestigious NFX
Accelerator Program. Accepted teams will receive $120,000 in investment funds from NFX as well as
an AMP grant from Synereo.
NFX Guild is a mentorship-driven startup accelerator
founded by partners and long-term tech investors James Currier, Gigi
Levy-Weiss, and Stan
Chudnovsky. The Guild has financial backers including CRV,
Shasta Ventures, and Greylock Partners. NFX Guild selects portfolio
companies through scouts as compared to an open application
process. The organization focuses on businesses that rely on
network effects, and holds two annual programs for startups in
Silicon Valley.
Synereo has recently graduated from the NFX Guild's unique
accelerator program, and has since then raised more than
$3.5mil in its ongoing Funding
Campaign, during which the company offers its AMP cryptocurrency at
a fixed price, and equity to qualifying investors at
BnkToTheFuture.
About Synereo
Synereo is a Tel-Aviv based
company that develops a decentralized tech stack, allowing web
applications to exist without centralized servers.
Founders
Dor Konforty (CEO) is a graduate of the Israeli Air Force
IT unit and has a master's degree in neurobiology. His work on
neural networks inspired him to develop a new type of decentralized
economy.
Greg Meredith (CTO) was
the principal architect of Microsoft's BizTalk's Process
Orchestration, sparking several industry standards including WSDL.
Greg holds many patents and has published many papers, including
seminal papers on reflective higher-order calculi.
For more information, please contact:
Dor Konforty
CEO Synereo
pr@synereo.com
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SOURCE Synereo