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.

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Rating

B

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)

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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
NameDesignationEducationExperience
Neeraj MurakaCTOUniversity of California, Los Angeles- Bachelor of  Political Science40Yrs
Pavel BainsCEOSimon Fraser University-BBA, Marketing and International Business40Yrs
Links