Celer Network
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 2.4m | 2.4m | 2.3m | 2.3m |
% growth | - | - | (4 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Early VC | |
N/A | Early VC | ||
N/A | $2.1m | Seed | |
N/A | Secondary | ||
N/A | - | ||
Total Funding | $2.1m |
Related Content
Recent News about Celer Network
EditCeler Network is a pioneering layer 2 scaling platform designed to enhance blockchain transactions by making them faster, more secure, and cost-effective. The platform specializes in off-chain transactions, which means it processes transactions outside of the main blockchain to reduce congestion and improve speed. This is particularly beneficial for payment transactions and generalized off-chain smart contracts, making it easier for developers to build and operate scalable decentralized applications (dApps).
Celer Network serves a diverse range of clients, including game developers, financial service providers, and non-custodial cryptocurrency exchanges. The platform operates in the blockchain and cryptocurrency market, which is rapidly growing and evolving.
Celer Network's business model revolves around providing its technology to developers and businesses that need scalable solutions for their blockchain applications. It generates revenue through various means, including transaction fees, premium features, and partnerships with other blockchain projects.
The platform's key features include a 20,000X reduction in transaction latency, zero transaction fees for off-chain smart contracts, and innovative cryptoeconomics that solve liquidity, availability, and connectivity challenges. Additionally, Celer Network offers the CelerX platform, which allows users to play eSports games and win crypto prizes, and the Celer SDK, an open platform that simplifies the development of decentralized applications.
Keywords: layer 2 scaling, off-chain transactions, decentralized applications, blockchain, smart contracts, cryptoeconomics, CelerX, Celer SDK, low-cost, secure.