Cryptocurrency

$208M Up for BlockDAG in Under a Year—Next Steps Revealed at Keynote 3!

Written By : IndustryTrends

In a sector where many projects hardly advance past their initial whitepapers, BlockDAG (BDAG) has rapidly moved forward, achieving milestones that demand attention. Within just ten months after the start of its presale, BlockDAG has amassed over $208 million, marking it as one of the standout successes in the realm of recent crypto presales. According to "Keynote 3," this is merely the beginning. 

While other Layer 1 chains are still discussing scalability, adoption, and decentralization as aspirations for the future, BlockDAG is already showcasing tangible achievements. Its beta testnet has gone live, miner shipments are on the horizon, partnerships have been cemented, and an active community is propelling the ecosystem into high gear. With a technical infrastructure built for rapidity and accessibility—and a worldwide community that continues to grow—BlockDAG is set to spearhead the next surge in blockchain technology adoption. 

BlockDAG's Rapid Rise: From Concept to $208 Million

BlockDAG launched its presale with humble beginnings, setting the initial coin price at a mere $0.001. Fast forward ten months, and the price has soared to $0.0248 by batch 27, accumulating an impressive $208M in funds raised—surpassing the achievements of many previous crypto presales. This staggering figure underscores a robust growing investor confidence that is not merely increasing—it’s multiplying.

During "Keynote 3," CEO Antony Turner heralded this progress as a “monumental achievement that speaks volumes about the confidence investors have in BlockDAG.” However, the presale represents more than just robust coin sales; it signifies the construction of an ecosystem characterized by genuine utility, active users, and a concrete roadmap.

This roadmap aims to roll out one of the most pioneering hybrid Layer 1 infrastructures to date, combining real-time proof-of-work security with a high-capacity Directed Acyclic Graph (DAG) architecture. With the latest testnet now operational and the countdown to the mainnet launch in full swing, the presale has transitioned into an expansive launch phase.

BlockDAG Update: Beta Testnet Achievements and Mainnet Outlook

BlockDAG’s Beta Testnet V1 has launched as more than just an upgrade—it doubles the speed of the alpha version, includes a completely revamped explorer, and introduces user-friendly tools for creating tokens and NFTs without any coding required. It also boasts a growing array of decentralized applications. To engage users directly, every wallet holder is being issued testnet BDAG coins weekly for a month, encouraging active participation in testing and transactions within the protocol.

CEO Antony Turner shared insights on their cautious approach: 

“We made a strategic decision—to extend our presale and take additional time to refine and optimize the network. This move ensures that when our mainnet goes live, it will set new standards of scalability, performance, and security.” 

This extended presale period has enabled BlockDAG to align its infrastructure with the increasing demands. Already, the network is supporting over 750,000 X1 mobile miners and 400,000 Tap Miner users, highlighting a substantial need for on-chain services. 

The rollout of X30 and X100 ASIC miners, which are tailored for BlockDAG’s consensus model, has commenced. Turner states that 10,000 of these miners will be in the hands of early adopters by the mainnet's launch, solidifying the network’s decentralized structure.

BlockDAG's Strategic Investment: More Than Just $208 Million

BlockDAG stands out not only for the impressive $208 million it has raised but also for the impactful ways in which the funds are being utilized. The capital has enabled the team to:

  • Significantly expand its global presence by doubling the number of its development and operations personnel.

  • Forge substantial partnerships with notable entities like Inter Milan and the UFC.

  • Establish a comprehensive developer ecosystem, which includes offering grants, conducting hackathons, and founding an educational academy.

  • Position itself for listing on over ten exchanges following its launch.

  • Develop a sophisticated DeFi-compatible technology stack that incorporates stablecoins, swaps, bridges, and lending features right from the start.

Jeremy Harkness expressed the broader vision during his keynote: “This isn’t just about building faster infrastructure. It’s about creating a network that supports real-world finance, gaming, governance, and beyond.”

BlockDAG is not merely pursuing adoption; it's meticulously crafting it. Its EVM compatibility allows developers to effortlessly transfer dApps, enhancing the network’s appeal. 

The protocol's resistance to Maximal Extractable Value (MEV) and its implementation of account abstraction enhance fairness and usability for all users. Additionally, tools like token creation wizards and contract templates are lowering hurdles for developers, encouraging contributions from both seasoned tech veterans and newcomers alike.

BlockDAG's Community-Driven Growth: Beyond Technology

BlockDAG's advancement extends beyond its technical achievements—it's deeply rooted in community and culture. This is evident in initiatives like its Ambassador Program, Grants Program, and the BlockDAG Academy, where the focus is on nurturing and financially supporting the next generation of Web3 innovators.

Maurice Herlihy emphasized the importance of this educational approach: 

"At BlockDAG Academy, we’re reimagining how learning happens in the decentralized world… our program goes beyond showing you which buttons to press—it provides the essential principles and insights needed to safely and confidently harness BlockDAG’s potential."

Additionally, the Global Hackathon Series distributes over $100K in funds, and a forthcoming Bug Bounty Program will welcome contributions from white-hat researchers and cybersecurity experts, bolstering the blockchain's security.

BlockDAG is not merely a project fueled by excitement—it's a network founded on substantial achievements. With a community of over 100,000 active members and continuous expansion across various platforms, BlockDAG’s development is as community-oriented as it is deliberate.

BlockDAG's Mainnet and Ongoing Mission

The launch of the mainnet is on the horizon for BlockDAG, marking what will be its most significant achievement to date. At its inception, the mainnet aims to handle 2,000 transactions per second, with plans to escalate this to 15,000 TPS within two years. The future roadmap is ambitious, targeting support for over 1,000 dApps by 2026, focusing on sectors like finance, gaming, identity, and governance.

Turner shared a compelling vision with the community: 

“We’re not merely constructing a new blockchain—we’re building a fast, scalable platform for this world and beyond.”

The forthcoming milestone will be celebrated not with a keynote, but a “Launchnote,” symbolizing that the mainnet is operational, the infrastructure is robust, and the community is engaged and ready.

In Summary

In just ten months, BlockDAG has amassed over $208 million, activated a beta network, attracted hundreds of thousands of users, and initiated the distribution of mining hardware. Yet, its most commendable achievement may be how it has managed these feats—maintaining transparency about delays, prioritizing educational efforts, and focusing on user friendliness.

As the mainnet launch approaches, BlockDAG communicates a clear message: this journey is not a short-lived dash fueled by hype, but a sustained push towards widespread adoption.

For BlockDAG, the mission continues with no end in sight.

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