Iron Fish, a decentralized blockchain network aiming to create a crypto-asset as private as cash, has raised $27.7 million in the round led by Andreessen Horowitz (a16z).
Founded in 2018 by Elena Nadolinski, a former software engineer at Microsoft and Airbnb, the project was also contributed by high-profile investors such as Sequoia, Electric Capital and MetaStable, as well as Terra co-founder Do Kwon and Anchorage co-founder Nathan McCauley. a16z general partner Ali Yahya, deals analyst Elena Burger and crypto partner Guy Wuollet made the following statements in their blog post:
San Francisco-based Iron Fish launched its first testnet in April, attracting nearly 2,000 miners to its community. The company is now launching a testnet that will reward participants with leaderboard points with which they can obtain Iron Fish coins in the future. Iron Fish’s roadmap starts with a proof of work blockchain with native cryptocurrency. It then expands to include more assets, stablecoins, and cross-chain bridges, including second-tier support. a16z added in its blog post: