JetBolt, a platform operating on Skale Network, has raised $3 million to improve gas-free Web3 technology known as Zero-Gas.
JetBolt's Fundraising for Zero-Gas Technology
JetBolt, not a blockchain, utilizes an 'invisible layer' to enhance user experiences in Web3 applications. This initiative focuses on gas-free transactions and raised over $3 million in a token presale. JetBolt's platform functions atop Skale Network, an Ethereum-compatible blockchain.
Impact of Zero-Gas Technology on Development
The immediate availability of JetBolt's Zero-Gas SDK could shift developer strategies towards gas-free ecosystems, potentially affecting existing Layer-1 and Layer-2 projects. Industry observers await further on-chain adoption insights. No official regulatory responses exist, but JetBolt's market entry may pressure competitors in the dApp and wallet sectors.
Comparing JetBolt to Ethereum Layer-2 Solutions
JetBolt's technology continues previous efforts to reduce gas fees, similar to solutions in the Ethereum Layer-2 realm. Comparable projects include Arbitrum's and Optimism's rollup strategies. Zero-Gas Technology could increase user participation in Web3, enhancing utility and driving $JBOLT token adoption. Past trends suggest long-term interest in gas-free solutions.
The growth of JetBolt's funding and the introduction of Zero-Gas technology signal an increasing interest in enhancing user experiences in Web3 and may significantly alter the decentralized applications market.
