Blocksync Joins Cudos as Network Validator

Focused on finding, supporting and nurturing decentralized innovation, Blocksync Ventures, led by Australian founder Jasper Byun, will become the latest VC partner to join the Cudos network as a validator.
“Being the first ecosystem to bridge on-chain and off-chain cloud computing through a decentralized network, globally distribute nodes to more than 145 countries, Cudos will accelerate the adoption of web3 technologies, opening the doors to more industries transitioning to a decentralized future. This is hugely important to us and the reason why we are backing Cudos.” Jasper Byun, Founding Partner, Blocksync Ventures.
Positioned as the Vanguard of decentralization, Blocksync Ventures’ portfolio includes a multitude of Defi, smart contract and infrastructure projects that are shaping the web3 space. Cudos adds a unique proposition to not only the blockchain industry, commonly dubbed as web3, but also to the off-chain web2 world.
Blocksync Ventures investment thesis is simple; ‘Invest in relationships, not deals’. Both Blocksync Ventures and the Cudos team immediately formed a strong relationship from the get-go, attracted by the ethos of what Cudos is bringing to the web3 and decentralized cloud market. Initially joining the CUDOS private sale, Blocksync Ventures are now extending their support in Cudos by officially becoming a Cudos network validator, continuing to drive the value of decentralization and sustainability.
“The World becomes a lot smaller and easier to connect with when you partner with teams like Blocksync Ventures, who backed us from day one and already have a network of other like-minded projects to whom we can collaborate with. This is the beauty of ecosystems, and we are very proud to be part of their ecosystem and to have them share our vision.” Matt Hawkins, CEO and Founder of Cudos.
About BlockSync
Blocksync Ventures is a venture capital firm focusing exclusively on decentralized ledger technology. We strive to be the catalyst for widespread adoption of disruptive innovation. Our core mission is to accelerate the development of decentralized computing and Web3 networks. Therefore, we empower pioneers to create projects that are at the forefront of blockchain technology.
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About Cudos
Cudos is bridging the gap between Cloud and Blockchain, by using the world’s available computing to power a more decentralized, sustainable and connected world.
Cudos is being designed as a cross-chain, decentralized compute network, with Cudos as the utility and infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing APIs. In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.
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Source: Cudos