BlockJoy Raises $11 Million as it Readies Disruptive Node Management Solution

Summary:
• BlockJoy is developing a node management solution that cuts costs by up to 80% and reduces the time it takes to launch from months to weeks.

BlockJoy, a firm that offers white-label blockchain nodes-as-a-service for node-hosting enterprises, has announced a successful completion of approximately $11 million in combined seed and Series A fundraising. Gradient Ventures, Draper Dragon, Dragon Roark, Active Capital, Bordeless HNT and Renegade Ventures were among the investors who participated in the round. BlockVisor, the company’s unique node management software, is presently in beta testing and this investment will go toward promoting its release.

The BlockJoy mission and the quest to ease access to Web3 node operations

Two-to-three times cheaper than conventional cloud providers, BlockJoy’s node management solution is an attractive option. The company says that its customers can save up to 80% compared to conventional cloud providers by deploying and running decentralised blockchain nodes on any infrastructure. Instead of being tied down to expensive cloud services, customers can freely choose where to host their infrastructure.

Businesses all around the world may use BlockJoy’s intuitive interface to easily set up and administer blockchain networks, nodes, validators and extract, transform and load (ETL) processes. In addition, BlockJoy’s innovative technology makes it possible for companies to adopt new protocols in a matter of weeks, as opposed to the typical four to six months.

BlockJoy uses decentralised infrastructure to deliver a cloud-like experience and is essentially creating the Web3 equivalent of Amazon Web Services (AWS). The decentralised model adopted by the company can be very useful to businesses by cutting down on overhead costs and speeding up the process of supporting new supply chains. As a result of the time and money saved, BlockJoy’s customers are able to conduct their businesses more efficiently.

Binance, Crypto.com and the Helium Foundation are some of the cryptocurrency companies that the firm now collaborates with. In the long term, BlockJoy intends to democratise its technology to the point where anyone can run a node with minimal effort. The corporation is also advocating for widespread decentralisation as part of this effort.