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Lambda 256

luniverse.io

Founded Year

2019

Stage

Series B - II | Alive

Total Raised

$89.97M

Last Raised

$15.45M | 10 mos ago

About Lambda 256

Lambda 256 is the developer of Luniverse, a Blockchain-as-a-Service platform that allows developers to easily create and distribute DApps.

Headquarters Location

4~8F, 83, Uisadang-daero, Yeongdeungpo-gu

Seoul, 07325,

South Korea

Lambda 256's Product Videos

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ESPs containing Lambda 256

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Digital Engagement

Companies in this market use blockchain technology and/or a company’s existing infrastructure to deliver blockchain-based loyalty solutions, ranging from helping retailers award cryptocurrency to minting NFTs to verifying loyalty incentives.

Lambda 256 named as Leader among 13 other companies, including Venly, StormX, and RECUR.

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Lambda 256's Products & Differentiators

    Luniverse Sidechain

    Luniverse sidechain is a POA based protocol (Ethereum POA+ Hyperledger Besu) that provides 3 types of business plan - Dev Plan, Service Plan, and Premium Plan - for different user traffic volume, nodes, and services. Luniverse is a next-generation Blockchain as a Service (BaaS) that enables DApp developers to focus on service development and operation, which are their main work. At the same time, it significantly reduces the difficulties they may encounter when selecting a blockchain platform and building a blockchain development environment.

Expert Collections containing Lambda 256

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lambda 256 is included in 2 Expert Collections, including Blockchain.

B

Blockchain

8,672 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

L

Loyalty & Rewards Tech

531 items

Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs to their customers. This collection includes categories across loyalty software, digital loyalty & rewards, AI-powered loyalty, blockchain-powered loyalty, and more.

Lambda 256 Patents

Lambda 256 has filed 1 patent.

The 3 most popular patent topics include:

  • Blockchains
  • Cryptocurrencies
  • Cryptography
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/24/2021

9/27/2022

Cryptocurrencies, Payment systems, Blockchains, Alternative currencies, Cryptography

Grant

Application Date

8/24/2021

Grant Date

9/27/2022

Title

Related Topics

Cryptocurrencies, Payment systems, Blockchains, Alternative currencies, Cryptography

Status

Grant

Latest Lambda 256 News

Lambda256 Announces Green NFT, Web3 and Sustainability for Green Planet

Nov 2, 2022

News provided by Share this article What Lambda256 has been doing for sustainability in blockchain Pursuing environmental sustainability is no longer an option but an inevitable change for all types of businesses. Lambda256 has been working on eco-friendly blockchain technology to dramatically reduce power consumption, providing Luniverse, a blockchain cloud service platform operated by Lambda256 where anyone can easily issue low-carbon NFTs. Luniverse's high energy efficiency is envisioned by a validation algorithm called LPoA (Luniverse Proof-of-Authority) behind the Luniverse sidechain, a system that produces 30 million times less energy than that of energy-intensive systems like EthereumPoW and Bitcoin. Luniverse blockchain has received certification from DNV regarding its electricity consumption and greenhouse gas emission for Luniverse mainnet. Manifesto for Green Planet Not long ago, Ethereum, the largest blockchain network in the world, made a long-awaited software upgrade, the Merge, and it shifted from a proof-of-work(PoW) to a proof-of-stake (PoS) consensus mechanism in September. The foundation announced that the transition was successful, and Ethereum has significantly reduced the volume of energy consumption. This significant transition of Ethereum into the green blockchain brought a huge impact and interest in climate change across the blockchain industry. As many industry verticals are adopting blockchain technology to develop Web3 services or mint NFTs with their own IPs, the environmental sustainability of the blockchain has become more significant than ever. Luniverse plans to support the Web3 DApp services built on Luniverse to carry out sustainable business aiming to achieve carbon net zero with low-carbon activities in blockchain operations. The figure shows the estimated annual energy consumption in TW/year for various services/industries in June 2022. The figures are from publicly available sources as linked in the next paragraphs, and are visualized from the original source of the Ethereum website. As for the comparison with platforms/services above, Luniverse blockchain consumes 0.0000023 TWh/year. The validation algorithm (LPoA) of Luniverse enables the lower expenditure of electricity and high performance compared to the PoW algorithm. Luniverse enables minting and managing NFTs in the most environmentally sustainable and cost-efficient way possible. Their underlying blockchain technology navigates through those challenges, providing an ecologically sustainable marketplace for minting, deploying, and selling NFTs. In addition, Lambda256 announced support for environmental activities such as CCA's campaigns, which Lambda256 has already joined, and to move toward achieving carbon net zero in the blockchain and digital asset industry. Crypto Climate Accord's goal is to decarbonize the industry by prioritizing climate stewardship and supporting the entire digital asset industry's transition to reduced electricity consumption by 2030 and net-zero greenhouse gas emissions by 2040. Lambda256 is participating as a Supporter, whose role is to develop standards, tools, and technologies to accelerate the adoption of and verify progress toward 100% renewable-powered blockchains by the 2025 UNFCCC COP30 Conference. Towards 2040: Web3 and Environmental Sustainability With the advent of the Web3 era, the importance of sustainability in blockchain businesses is emerging more rapidly than ever. Luniverse commits to contributing to the improvement of the global environment and a sustainable future through the operation of eco-friendly Green NFT and blockchain. Luniverse is creating an environmentally friendly digital asset ecosystem with partners using Luniverse's Green NFT platforms, such as CYPHRLY , MOMENTICA , and Upbit NFT . MOMENTICA is the flagship platform operated by LEVVELS, provides novel and innovative fan-artist experiences worldwide. The platform enables fans to collect and exchange diverse formats of digital collectibles. While the initial service will focus on K-Pop artists, the scope of the service will expand to include different artists and genres of music. Luniverse Free Trial Luniverse is a consortium-based blockchain service platform built and operated by Lambda256, that offers a development environment where anyone can easily create blockchain services, including a crosschain support and layer2 solutions. Anyone with the interest in using Luniverse can start the free trial on the official website: https://www.luniverse.io/ SOURCE Lambda256

Lambda 256 Web Traffic

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Lambda 256 Frequently Asked Questions (FAQ)

  • When was Lambda 256 founded?

    Lambda 256 was founded in 2019.

  • Where is Lambda 256's headquarters?

    Lambda 256's headquarters is located at 4~8F, 83, Uisadang-daero, Yeongdeungpo-gu, Seoul.

  • What is Lambda 256's latest funding round?

    Lambda 256's latest funding round is Series B - II.

  • How much did Lambda 256 raise?

    Lambda 256 raised a total of $89.97M.

  • Who are the investors of Lambda 256?

    Investors of Lambda 256 include SBI Investment Korea, Nonghyup Bank, HYBE, NH Investment & Securities, YG Entertainment and 12 more.

  • Who are Lambda 256's competitors?

    Competitors of Lambda 256 include Exclusible, qiibee, NFT Brands, GoSats, Venly, Novel, Award Pool, Alchemy, Momento, BetaBlocks and 15 more.

  • What products does Lambda 256 offer?

    Lambda 256's products include Luniverse Sidechain and 3 more.

  • Who are Lambda 256's customers?

    Customers of Lambda 256 include Dunamu(Upbit) and Yanolja .

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