Developers of the FIO Protocol, called to become a single standard for cryptocurrency payments, raised $ 5.7 million

Denver-based startup Dapix Inc. announced the attraction of $ 5.7 million in the financing of Series A, led by the venture division of the Binance exchange. It is reported by CoinDesk .

Other investors were Blockwall Capital, NGC Ventures and LuneX Ventures.

Today's a huge deal for us – we're happy to announce that we've received funding to get the FIO Protocol to mainnet launch, and just as importantly, our FIO Address Presale is LIVE! Reserve a FIO Address on a wallet domain, and / or bid on a custom domain @ https://t.co/JzAZl0jo4D https://t.co/kT2j7gq8QM

– FIO (@joinFIO) September 5, 2019

Dapix is developing a DPOS-based blockchain designed to become a bridge between cryptocurrency wallets, exchanges, and other applications. The ultimate goal of developers is to create a single standard recognized by all blockchain platforms for sending and receiving cryptocurrency payments.

“The FIO Protocol acts as a service layer for the entire blockchain ecosystem. Its goal is to be the same for the blockchain that the HTTP protocol previously did for the Internet, ”said David Gold, founder and CEO of Dapix.

To date, 24 members have joined the Foundation for Interwallet Operability (FIO) Consortium, a nonprofit initiative, including Trust Wallet, ShapeShift KeepKey, Coinomi, MyCrypto, Mycelium, BRD, and Edge.

“We invested in a decentralized FIO protocol because we believe that it can become the operational level of the entire blockchain ecosystem … It will work with all blockchains. Binance expects that over time, it will also become an operating standard that integrates all blockchain-related products, ”said Katie Zhu, spokeswoman for Binance Labs.

Currently, the participants of the FIO Consortium are testing the capabilities of the protocol, and its launch in the main network is scheduled for the first quarter of next year.

White paper and the FIO Protocol roadmap can be found here .

Recall that earlier in September, Elliptic, a company specializing in tracking transactions in public blockchains, announced the closure of the Series B financing round for financing $ 23 million.