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Subspace Labs
Web3 blockchain developer
- 21-100 employees
- B2C
- B2B
- Cryptocurrency
- Blockchain
- Web 3.0
- College Terrace, Palo Alto, CA
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Company mission
To serve as an infrastructure layer for the entire Web3 ecosystem.
44% employee growth in 12 months
Our take
All large blockchain networks eventually run into problems with scalability. Over time the amount of work computers need to do to validate a transaction becomes economically infeasible. As energy costs have risen, driving up the cost of validation further, this problem has become especially urgent. Subspace Labs, founded in 2018 to solve this problem, proposes a new blockchain able to scale indefinitely.
Attempts to solve the scalability problems of blockchain are being made by major networks, but issues around waste, fairness and centralization persist. Subspace's proof of capacity protocol is more fair and less energy intensive than protocols that require mining or temporary deposits to validate, because all that is required is disk space. Additionally, this means that as more disk space is made available for validation, the cost of each transaction decreases, solving scalability issues.
Subspace Labs will invest its funding into engineering talent and into expanding the platform, focusing on integrations with other blockchain projects. If its solution for blockchain scalability is successful, then it certainly has the potential to become a very significant player in this sector.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- A remote work environment with a high degree of autonomy and agency.
- You will play a critical role in implementing a new layer one blockchain.
- Generous token and equity grants.
Funding (last 2 of 4 rounds)
Mar 2022
$32.9m
EARLY VC
Jun 2021
$4.5m
SEED
Total funding: $37.8m
Leadership
Jeremiah Wagstaff
(CEO)Was the Founder & CEO of OmniBuilds.com and Director of Operations at 3rdeye MobileVision.