EMURGO Announces Additional Funding Round in Maestro

SINGAPORE, May 28, 2024 — EMURGO, a blockchain technology company that provides products and services to support the adoption of the Cardano blockchain’s Web3 ecosystem, today announced an additional funding round in Maestro, a full-stack Web3 platform for entrepreneurs and developers to build and launch decentralized applications (dApps) on UTxO blockchains such as Cardano.

Previously funded by EMURGO’s investment arm EMURGO Ventures, this additional funding will support Maestro to aggressively develop and deploy new Web3 product offerings for its platform users and expand its business reach to drive Cardano adoption.

Maestro’s advanced dApp platform offers powerful data APIs and developer tools that abstract away the complexity of blockchain infrastructure and streamline Web3 development. Its state-of-the-art UTxO indexing technology enables enterprise-grade scalability and reliability to help power Web3. Additionally, Maestro offers a suite of innovative services such as real-time transaction state monitoring, on-chain event notifications, high-fidelity DEX (decentralized exchange) prices, plug-and-play smart contracts, and more. 

“This additional funding round demonstrates EMURGO’s belief in Maestro as a strong infrastructure provider in the Cardano ecosystem. It delivers a much-needed service to remove a formidable entry barrier for many non-technical and even technical developers to build and launch dApps,” said EMURGO CEO Ken Kodama. “EMURGO is committed to empowering developers, entrepreneurs, and companies with the Web3 tools they need to leverage blockchain to make a difference.”

“Maestro’s mission has always been to empower developers to build cutting-edge blockchain applications and in turn, accelerate Web3 democratization & mass adoption. This additional funding support from EMURGO, will directly empower us to advance our vision and continue to support the hundreds of developers we work with on a daily basis pushing the blockchain industry forward,” said Maestro CEO Marvin Bertin.

An open-source, public blockchain platform, Cardano is to be founded on peer-reviewed R&D through scientific, evidence-based methods. Using an environmentally friendly and secure proof-of-stake protocol, the Cardano blockchain has more than 1,350 projects currently building applications on its platform. [1]

About EMURGO

EMURGO is a blockchain technology company and a founding entity of the Cardano blockchain that provides products and services to drive the adoption of Cardano’s Web3 ecosystem. 

Established in 2015 in Japan, EMURGO’s mission is to facilitate commercial growth of the Cardano ecosystem and unlock the full potential of the ecosystem through partnerships, investments, education, and infrastructure development. To connect and learn more, visit https://emurgo.io.

About Maestro

Maestro is a cutting-edge blockchain development platform, pushing the boundaries of Web3 capabilities and paving the way for a decentralized, interconnected digital future. Maestro offers a full suite of powerful APIs and advanced software tools that streamline the development of dApps on the UTxO blockchain such as Cardano, Bitcoin, & Dogecoin.

Maestro is the fastest way to build Web3 applications such as: DeFi protocols, NFT marketplaces, blockchain analytics platforms, and crypto wallets. Maestro empowers developers and businesses aiming to leverage the power of the blockchain and be a catalyst for ecosystem growth and adoption.

For more information, please visit https://www.gomaestro.org.