Ayodeji Ayenuwa
In a significant move, Polytope Labs, led by founders Seun Lanlege and David Salami, has unveiled Hyperbridge, a revolutionary cross-chain protocol designed to reshape Africa’s role in the realm of blockchain technology.
With a substantial influx of funding and grants amounting to $130,000, Polytope Labs is on a mission to transform Africa from passive consumers to active contributors in the ever-evolving blockchain landscape.
Hyperbridge, Polytope Labs’ flagship product, is set to address a persistent challenge in the blockchain sphere—the isolation of blockchains.
According to Lanlege, “What we’ve built is a blockchain that does the cryptography verification on behalf of other blockchains. It is connected to all the chains and does all the verification that needs to happen so that secure messages can be passed between each chain.“
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The founders, drawing on their experience with Ethereum and Polkadot, emphasize the importance of Africans participating in the creation of blockchain technology. Lanlege states, “Polytope Labs is an opportunity for Nigerians to build lasting technological infrastructure. If we’re going to be using this technology, we should also be building it.”
Acknowledging the intricacies of building blockchain infrastructure, Lanlege highlights the need for expertise, a gap that Polytope Labs aims to fill. He envisions the initiative going beyond Hyperbridge, contributing substantially to the evolving blockchain space, and fostering a lasting technological legacy.
Polytope Labs’ success in securing funding and research grants, including support from Web3 Foundation and Polkadot, underscores industry recognition.
The initiative represents a significant step towards inclusivity, providing Africans with a platform to actively engage in the creation and evolution of blockchain technology. The ultimate goal is to position Africa as a builder rather than a mere consumer in the rapidly advancing blockchain space.
Techrectory with Agency Report.
