What is Particle Network? Overview of the Particle Network project.
Particle is a new Web3 infrastructure project that has attracted attention. Let's explore what Particle Network is and what makes this project special through the following article.
1. What is Particle Network?
Particle Network, a comprehensive Web3 infrastructure system, is not only a place providing developers with convenient tools to build Protocols and DApps but also a deep support hub for infrastructure. This helps alleviate the burden on developers, allowing them to focus more on developing important features and improving user experience.
Particle Network goes beyond just offering a range of SDKs for areas such as Wallet, NFT, and Node Service, but also particularly emphasizes on Account Abstraction. This makes Particle Network stand out among platforms in the Crypto market, as Account Abstraction technology plays a crucial role in bringing Crypto to a larger user base.
Account Abstraction technology not only helps optimize infrastructure but also opens up opportunities to integrate Blockchain and cryptocurrencies into the daily lives of ordinary users. Particle Network not only provides a powerful technical platform but also plays a significant role in promoting widespread Crypto adoption through this feature. This could be seen as a crucial step towards Mass Adoption of Crypto, where Particle Network stands out as an important and pioneering partner.
2. The Products of Particle Network
Particle Network offers a range of services in the Web3 field, including:
2.1. Authentication Service
This is a simple self-managed authentication system for Web3 applications and wallets. Particle auth can integrate with various wallets, platforms, and social networks. Users can connect authentication devices to perform activities quickly and conveniently.
2.2. Wallet Service
Supports participants in transactions and token conversions quickly and easily. Particle Wallet ensures security through strict security mechanisms, with signatures confirmed, signed, and authenticated only by the wallet owner.
Security Mechanism: Particle Wallet undergoes rigorous security checks provided by leading security companies, while being monitored by users and partners.
Signature: Only the wallet owner can confirm and sign within the wallet, preventing risks of attacks from hackers or other asset loss risks.
Multi-factor Authentication: The wallet enhances security through authentication processes via email and social media channels.
2.3. Node Service
It is a robust node infrastructure for blockchain and cryptocurrency applications. Developers can enhance the performance of their projects by utilizing node sharing features from Particle Network APIs. The system provides global node distribution to ensure scalability, stability, and security for the ecosystem.
2.4. NFT Service
Tailored for businesses, catering to all NFT needs. Particle Network allows investors to access NFTs based on collections, owners, minters, etc., through APIs, displaying all blockchains in a simple and unique format. The system's super data storage facilitates easy and secure NFT trading.
2.5. Account Abstraction
Particle Network collaborates with Biconomy to develop a range of customizable features using account abstraction technology. This feature enables users to batch transactions to minimize gas fees, improve processing efficiency, and enhance blockchain experience.
3. Particle Network token information
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4. Team
Pengyu Wang (CEO): Pengyu Wang is one of the co-founders and the CEO of Particle Network. Mr. Wang holds a bachelor's degree from Tsinghua University, one of the top universities in China. Previously, he served as Chief Investment Officer at Softbank's early-stage investment fund for Asian startups, known as SAIF Partners, and was the CEO at MiniJoy.
Tao Pan (CTO): Tao Pan, co-founder and Chief Technology Officer (CTO) of Particle Network, is a former student of Tsinghua University. He early engaged in the cryptocurrency market through various airdrop campaigns of major projects. Previously, Pan built a social gaming platform and successfully raised $15 million from Alibaba. Pan contributed to the success of MiniJoy Lite - the most downloaded mobile gaming platform in the Southeast Asia region.
5. Investors
Pre-Seed Round (5/5/2022): Particle Network successfully raised $1.5 million in the Pre-Seed investment round with the participation of partners such as Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O'Clock Capital, FSC Ventures, Monad Labs...
Seed Round (29/3/2023): The project organized a Seed investment round and successfully raised $7 million from various investment funds such as ABCDE, Animoca, Longhash Ventures, GSR Ventures, HashKey...
6. Closing thoughts
Particle Network appears to be a promising project in the field of infrastructure and global node services for the Web3 ecosystem. The experienced leadership team in investment and startup development, particularly in blockchain and cryptocurrency, is a significant advantage. The support from leading partners and investment funds is also a positive sign, demonstrating trust from the community and the industry.
However, predicting success in the rapidly evolving Web3 space can be challenging due to its volatility and uncertainty. The resurgence of the market also attracts many developers to build potential Web3 platforms, posing significant competition for Particle. Investors should exercise caution and continue to monitor the progress of Particle Network.
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