Nitin Kumar launches decentralised platform zbyte with a $10M funding

Nitin Kumar launches decentralised platform zbyte with a $10M funding
Nitin Kumar launches decentralised platform zbyte with a $10M funding

Nitin Kumar, a well-known cryptocurrency millionaire, thought leader, and veteran strategist, has launched a decentralised platform (dePlat) for Web3.0, called zbyte.

The blockchain-enabled LCNC (low-code, no-code) platform makes it easy for developers and enterprises to build dApps (decentralized applications). The new category dPlat will enable acceleration of blockchain adoption in the developer community and enterprises through its simple LCNC interface.

The firm has also announced a $10 million funding round led by unnamed private investors.

The entity will also embark on a public token offering launching the ZBYT token towards Q4 of 2022. “We will leverage the developer talent available here in India. We hope to make a significant impact on the developer ecosystem,” Nitin Kumar, co-founder of zbyte, said.

zbyte was co-founded by serial entrepreneur Krish Kupathil, deep technologist Ankush Tiwari, and new economy executive Saurabh Radhakrishnan.

Kumar, a veteran strategist in the hi-tech sector, has held leadership roles in startups, enterprises, and management consulting firms including HP, Deloitte, and FTI. He has a history of creating and scaling businesses globally.

A Bitcoin investor since 2013, Kumar is a well-known thought leader in the blockchain world who is also the author of the new book ‘Cryptocurrency Compass’ coming soon.

Web 3, enabled by blockchain, is changing the architecture of the Internet, unleashing a new economy by rewarding creators and new realities leveraging the metaverse. The dPlat will reward the community of developers through royalties for the dApps they create.

“It is going to be a huge challenge to operationalize web 3 without something like a dPlat,” explained Kumar. “Businesses are looking to provide better customer experiences, exponential effects from Web3, and new revenue models. Organizations integrating Web 3 systems have a competitive advantage over those that do not,” he added.

zByte will have multiple use-cases and dApps built on its core dPlat product.

The founding team has great plans to scale this business in 2022 and beyond.”


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