Improving the accessibility of blockchain development is expected to strengthen the market share of Reach’s growing pool of partner protocols like Algorand and Ethereum. This funding aims to expedite the onboarding of the platform’s developers. that has grown at an accelerated rate.
The Reach developer community has already produced games, auctions, NFTs, and more through multiple hackathon-style events; hosted in partnership with the Algorand Foundation and Boston Blockchain Week.
In order to develop additional functions on the Reach platform, the accelerated recruitment of employees in development and product teams will be in the foreground. This includes a commercial version of Reach; This allows companies to securely create contracts that manage significant volumes and assets.
Apart from the developer acquisition; Expansion initiatives focus on teaching materials and accelerating dApp development. The team also plans to expand the platform’s knowledge base and increase its presence in academia by developing university-level curricula and online self-paced courses.
“This investment accelerates our path to becoming the world’s premier method of building decentralized applications that form the basis of global interaction.”
– Reach founder and CEO Chris Swenor
Reach was founded in October 2019 from the Boston-based home offices of Chris Swenor and Jay McCarthy. McCarthy received his Ph.D. in Computer Science from Brown University and teaches as an Associate Professor at UMass Lowell. Chris Swenor is an entrepreneur with many successful exits to his name. He is currently a mentor at Harvard Business School, TechStars and MassChallenge.