Bluzelle Networks
Name
Bluzelle Networks
Summary
-Bluzelle is a blockchain for GameFi with its ability to produce high quality games, protect players' NFTs, and provide decentralized storage to its users.
-It was founded in 2014 by.
-Bluzelle is based on the 10,000 TPS cosmos based blockchain network.
Rating
Symbol
BLZ
Overview
Bluzelle is a decentralized service provider that aims to allow users to create on-demand, scalable databases for blockchain applications.
Bluzelle delivers high security, unmatched availability, and is resistant to censorships.It does not matter what profession the user belongs to, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. It is specific for NFTs and DeFi.
-Bluzelle’s core products are all related to data and are powered by its Tendermint Blockchain:
-Bluzelle DB - It is a decentralized database where software developers are able to store info.
-Bluzelle Oracles - It is a purely decentralized pricing oracle that enables high speed and top-level security for Defi applications
-Bluzelle Staking - Where BLZ holders are able to stake their tokens and earn rewards for providing storage and pricing data to the platform
Historical Price Movement (in INR)
Technology
BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. It allows the user to become a validator easily as the process has minimal technical knowledge.
Non- validators can delegate their tasks to another validator, enabling everyone to be part of the network and generate fees.
Bluzelle’s database functions like a torrent or a content delivery network where data is recovered from various nodes in real-time. When data is uploaded to the network it is divided into pieces, or shards, which are fully copied to every node in a cluster. When a DApp requests data, shards are pulled from the closest local nodes or in parallel from the faster nodes on the network, which can reduce latency and increase performance.
Nodes within a cluster are spread out among different areas to reduce the impact of local events like power outages or natural disasters. If a node goes offline in a cluster the data is still kept by the other nodes in that group. Consensus is created at a swarm level, where groups of nodes decide on a local consensus. This varies usually from most blockchain applications, which rely on a network-wide state of consensus.
Use of Native tokens in the ecosystem: BLZ is the native token and it is used for making payments,staking for rewards and other transactions
Public and Private
33%
Founders
15%
Seed Investors
5%
Advisors
10%
Volume ( as of 11th april 2022)
$30,523,306
Total Supply
1,000,000,000 BETA
Circulating Supply
385,000,000.00 BETA
Crowd Sales
Bluzelle has raised a total of $22.3M in funding over 7 rounds
Funding
28/08/2019-Venture Round-N.A
28/03/2019-Venture Round-$1M
22/01/2018-ICO-$19.5M
18/01/2018-Venture Round-N.A
01/10/2017-Seed Round-N.A
28/08/2017-Series A-$1.5M
31/03/2016-Seed Round-$300k
Country
Singapore
Year Incorporated
2016
Registered Address
101 UPPER CROSS STREET
#05-16
PEOPLE'S PARK CENTRE
SINGAPORE (058357)
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Neeraj Muraka | CTO | University of California, Los Angeles- Bachelor of Political Science | 40Yrs |
| Pavel Bains | CEO | Simon Fraser University-BBA, Marketing and International Business | 40Yrs |
