ASIA-BASED RANGERS PROTOCOL VALUED AT $63M FOLLOWING PRIVATE EQUITY ROUND

The blockchain landscape is constantly evolving, with new protocols and platforms emerging to address the ever-growing demands of decentralized applications (dApps) and Web3 technologies.In a significant development, Asia-based Rangers Protocol, formerly known as Rocket Protocol, has announced a successful private equity funding round, catapulting its valuation to an impressive $63 million.This substantial investment signals strong confidence in Rangers Protocol's potential to revolutionize the blockchain infrastructure and empower developers with its high-performance capabilities. Related: Asia-based Rangers Protocol valued at $63M following private equity round Originally branded as the Rocket Protocol, Rangers is a China-based crypto company with an estimated valuation ofThe funding will be used to further expand its offerings and adoption.This rebranding and financial boost mark a new chapter for the company, as it aims to become a leading player in the virtual world blockchain space.The round was backed by notable investors, including Pantera, Huobi Ventures Blockchain Fund, and Alameda Research, indicating strong industry validation and strategic partnerships. Related: Asia-based Rangers Protocol valued at $63M following private equity round Originally branded as the Rocket Protocol, Rangers is a China-based crypto company with an estimated valuation of $63 million.The move signifies a potent move for a Chinese-based blockchain enterprise, signalling confidence in the Asian market's growth potential, and the future of blockchain tech.

Rangers Protocol: A New Era for High-Performance Blockchain

Rangers Protocol is not just a rebranding exercise; it represents a significant upgrade to the underlying technology and a renewed focus on providing developers with a robust and versatile platform. Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers. Asia-based Rangers Protocol valued at $63M following private equity round - InstaCoin.NewsOriginally conceived as Rocket Protocol, the transformation to Rangers Protocol reflects the project's ambition to reach new heights in terms of performance, scalability, and developer experience.This re-envisioned protocol is designed to tackle the challenges of complex development and data migration, making it an attractive option for projects looking to build cutting-edge dApps and virtual world experiences.

What is Rangers Protocol?

Rangers Protocol is a high-performance blockchain infrastructure designed to support complex development and seamless data migration.It aims to provide a robust foundation for building decentralized applications (dApps) and virtual world experiences. Rangers Protocol is a high-performance engine for complex development and data migration.The protocol focuses on addressing the limitations of existing blockchain platforms by offering improved scalability, faster transaction speeds, and a more developer-friendly environment.

The protocol provides an Ethereum Virtual Machine (EVM)-compatible solution, meaning developers familiar with Ethereum can easily transition their projects to Rangers Protocol.This compatibility extends to cross-chain contract interoperability, enabling seamless interaction between dApps on Rangers Protocol and other blockchain networks.This focus on interoperability is crucial for the future of blockchain, as it allows for greater collaboration and the creation of a more connected and decentralized ecosystem.

The $63 Million Funding Round: Validation and Growth

The successful completion of the private equity round, resulting in a $63 million valuation, is a major milestone for Rangers Protocol.This funding provides the company with the resources necessary to accelerate its development efforts, expand its team, and strengthen its marketing and outreach activities. Rocket Protocol ได้รับการเปลี่ยนชื่อเป็น Rangers Protocol หลังจากเสร็จสิ้นการลงทุนครั้งใหญ่ Pantera, Huobi Ventures Blockchain Fund และ Alameda Research เป็นหนึ่งในผู้สนับสนุนThe backing from prominent investors such as Pantera, Huobi Ventures Blockchain Fund, and Alameda Research underscores the industry's confidence in Rangers Protocol's vision and potential.

• Pantera: A leading investment firm focused on blockchain technology and digital assets.
• Huobi Ventures Blockchain Fund: The investment arm of Huobi Group, a major cryptocurrency exchange.
• Alameda Research: A quantitative trading firm and liquidity provider in the cryptocurrency market.

The participation of these well-respected investors not only provides Rangers Protocol with financial support but also offers access to their extensive networks and expertise. The protocol is now named Rangers Protocol. The private investment round resulted in a value rise, and the protocol is now valued at around $63 Million. The new changes come with complete rebranding and design, which shows the start of a new era for this virtual world blockchain infrastructure.This strategic partnership will be invaluable as Rangers Protocol seeks to establish itself as a dominant player in the blockchain infrastructure space.This round of investment clearly signals that even with regulatory pressures in Asia, blockchain innovation still thrives. Build Query: Press References . Save Search . Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved Press ReferencesThe money helps scale the blockchain and build more partnerships in the sector.

Key Features and Benefits of Rangers Protocol

Rangers Protocol aims to set itself apart from other blockchain platforms by offering a range of features and benefits that cater to the needs of developers and users alike.These include:

• High Performance: Designed for speed and scalability, enabling faster transaction processing and lower fees.
• EVM Compatibility: Seamless integration with Ethereum's development tools and smart contracts.
• Cross-Chain Interoperability: Ability to interact with other blockchain networks, fostering a more connected ecosystem.
• Developer-Friendly Environment: Provides a comprehensive suite of tools and resources to simplify the development process.
• Data Migration Support: Streamlines the process of migrating data from existing systems to the Rangers Protocol blockchain.

These features collectively contribute to a more efficient, versatile, and accessible blockchain platform.By addressing the key challenges faced by developers, Rangers Protocol aims to foster greater innovation and adoption of decentralized technologies.The developers claim that the testnet, which went live in July, is useful for new developers with little to no blockchain background. Related: Asia-based Rangers Protocol valued at $63M following private equity round. Originally branded as the Rocket Protocol, Rangers is a China-based crypto company with an estimated valuation of $63 million.This low entry-barrier can help with adoption.

Rangers Protocol Testnet: A Playground for Innovation

To further demonstrate its capabilities and engage with the developer community, Rangers Protocol has launched its testnet. China-based blockchain infrastructure startup Rangers Protocol, which has just rebranded from Rocket Protocol, has raised a funding round that values the company at $63 million.This testnet provides a sandbox environment where developers can experiment with the protocol's features, build and deploy dApps, and provide feedback to the Rangers Protocol team. Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers. The newly rebranded Rangers Protocol has raised $63 million via private equity to expand its high-performance blockchain protocol, potentially signaling that Chinese blockchain enterprise is on the rise despite MoreThe testnet is also designed to be accessible to new developers, even those without prior blockchain experience.

In a significant milestone, Rangers Protocol successfully migrated Ethereum-based lending protocol BlueStone to its testnet. Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers.This demonstration highlights the protocol's ability to seamlessly integrate with existing Ethereum applications and provide a more efficient and scalable alternative. The newly rebranded Rangers Protocol has raised $63 million via private equity to expand its high-performance blockchain protocol, potentially signaling that Chinese blockchain enterprise is onThe success of this migration underscores the potential of Rangers Protocol to attract developers and projects from other blockchain ecosystems.

The Rise of Chinese Blockchain Enterprise

The successful funding round for Rangers Protocol is particularly noteworthy as it comes at a time when the Chinese government has taken a cautious approach to cryptocurrencies. Blockchain investment news The high-performance Blockchain @rangersprotocol has a valuation of $63M following its latest private equity round It allows entrepreneurs and creators to build in aDespite these regulatory challenges, Rangers Protocol's ability to attract significant investment signals the resilience and innovation of the Chinese blockchain enterprise.The funding serves as a strong indicator that blockchain technology continues to hold immense promise for the future of various industries.

While China has restricted cryptocurrency trading and mining activities, the government has expressed support for blockchain technology as a strategic technology.This support has led to increased investment in blockchain research and development, as well as the adoption of blockchain solutions in various sectors, including supply chain management, finance, and healthcare.Rangers Protocol is well-positioned to capitalize on this growing interest in blockchain technology and contribute to the development of innovative solutions for the Chinese market and beyond.

How Does Rangers Protocol Compare to Other Blockchains?

The blockchain landscape is crowded, so understanding how Rangers Protocol stacks up against competitors is crucial.Here’s a brief overview:

Rangers Protocol vs.Ethereum

While Ethereum is the dominant platform for dApps, it suffers from scalability issues and high transaction fees. At the same time, Rangers Protocol announced that it had completed a private equity round of financing with a valuation of $63 million. Rocket Protocol has recently been upgraded to RangersRangers Protocol aims to address these limitations by offering higher throughput and lower costs while maintaining EVM compatibility. 在完成一轮重大投资后，Rocket Protocol 已更名为 Rangers Protocol。 Pantera、Huobi Ventures Blockchain Fund 和 Alameda Research 是其中的支持者。The aim is to make it easier for developers to transition existing Ethereum-based projects.

Rangers Protocol vs. Asia-based Rangers Protocol valued at $63M following private equity round Cointelegraph.com 4mo ago Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers.Solana

Solana is another high-performance blockchain known for its speed and low fees. Asia-based Rangers Protocol valued at $63M following private equity roundHowever, it has faced criticism for its centralization and occasional network outages.Rangers Protocol seeks to offer similar performance benefits while maintaining a more decentralized and resilient network.

Rangers Protocol vs.Binance Smart Chain (BSC)

BSC offers EVM compatibility with lower fees compared to Ethereum.However, it's more centralized than Ethereum or Rangers Protocol aims to be.Rangers Protocol is built with a focus on decentralization, which is attractive to developers seeking a secure and censorship-resistant platform.

The Future of Rangers Protocol: Roadmap and Vision

Looking ahead, Rangers Protocol has ambitious plans for further development and expansion. Skip to main content Bitcoin Insider. MenuThe company's roadmap includes:

1. Mainnet Launch: The launch of the mainnet will mark a major milestone, allowing developers to deploy real-world applications on the Rangers Protocol blockchain.
2. Ecosystem Development: Building a vibrant ecosystem of dApps, tools, and services to support the growth of the Rangers Protocol community.
3. Strategic Partnerships: Collaborating with other blockchain projects and enterprises to expand the reach and impact of Rangers Protocol.
4. Community Engagement: Actively engaging with the developer community to gather feedback and improve the protocol.
5. Further Optimizations: Continued enhancements to the protocol's performance, security, and usability.

Rangers Protocol's vision is to become a leading platform for building the next generation of decentralized applications and virtual world experiences. The Rangers Protocol said it had successfully migrated Ethereum-based lending protocol BlueStone to its testnet, which went live on July 19. Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.By providing developers with a high-performance, versatile, and developer-friendly blockchain infrastructure, Rangers Protocol aims to empower innovation and drive the adoption of blockchain technology across various industries. Asia-based Rangers Protocol valued at $63M following private equity round. Share. Tweet. Share. Most Popular. 23.8K. News Allow me to introduce myself . I m QuiverX.The plan is to build an inclusive network for developers to easily deploy and use blockchain technology.

Frequently Asked Questions (FAQs) About Rangers Protocol

What are the benefits of using Rangers Protocol over other blockchains?

Rangers Protocol offers a combination of high performance, EVM compatibility, cross-chain interoperability, and a developer-friendly environment.It aims to address the limitations of existing blockchain platforms by providing faster transaction speeds, lower fees, and a more versatile development platform.

Is Rangers Protocol a Chinese company?

Yes, Rangers Protocol is an Asia-based company with its roots in China. The project is branding its testnet as useful to new developers without blockchain background knowledge. The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability.In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet whichHowever, it aims to serve a global audience and foster a diverse ecosystem of developers and users from around the world.

How can I get involved with the Rangers Protocol community?

You can get involved with the Rangers Protocol community by joining their social media channels, participating in discussions, contributing to the development of the protocol, and building dApps on the Rangers Protocol platform.The team will be looking to incentivize involvement and growth.

What kind of dApps can be built on Rangers Protocol?

A wide range of dApps can be built on Rangers Protocol, including decentralized finance (DeFi) applications, non-fungible token (NFT) marketplaces, gaming platforms, supply chain management solutions, and virtual world experiences. Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backersThe versatility of the protocol makes it suitable for a variety of use cases.

Conclusion: Rangers Protocol's Impact on the Blockchain Landscape

The $63 million valuation of Asia-based Rangers Protocol following its private equity round is a significant indicator of the growing interest and investment in blockchain technology.With its rebranding, enhanced features, and strong backing from industry leaders, Rangers Protocol is well-positioned to make a significant impact on the blockchain landscape. Edit Recent News Activity Section. Funding RoundThis high-performance blockchain infrastructure aims to empower developers with the tools and resources they need to build innovative dApps and virtual world experiences.As the company continues to develop and expand its ecosystem, it has the potential to drive greater adoption of blockchain technology and contribute to the growth of the decentralized web.This is a strong indicator for the future of blockchain enterprises.Keep an eye out for more from Rangers Protocol!