Blockchain
Funding

Shima Capital has invested in Artela Network, a blockchain infrastructure startup founded by a team of industry veterans.

Other contributors in the round include A&T Capital, Big Brain Holdings, SevenX, Dispersion and Amino.

The Artela team is pioneering a unique solution designed to answer the rising need for large-scale, decentralized apps by creating a base-layer blockchain network. The unique architecture of Artela encourages developers to create custom extensions in a modular style directly on the blockchain’s base layer. This facilitates improved programmability within the blockchain and equips developers to create custom functions in a nimble and dynamic fashion, speeding up the pace of innovation and widening the scope of possibilities.

Yida Gao, founder and managing general partner at Shima Capital, said: “Artela formally brings to web3 the web2 paradigm of aspect-oriented programming by introducing an extensible blockchain network that allows builders to construct modules and extend modular services to achieve chain-native customization within a single public blockchain network.”

Shima is excited for what the future holds at Artela, Gao added. The company is also introducing an extension layer called Aspect which will allow the inclusion of a user-defined native extension. Aspect amplifies programmability and ensures seamless integration with existing smart contract models. The company has said it plans to release the Aspect whitepaper and kick off the first testnet later in 2023.