Cosmology, a development platform focused on the Cosmos ecosystem, has raised $5 million in seed funding.
The funding round was led by venture capital firms Galileo and Lemniscap – and saw participation from Dispersion, HashKey, Tuesday Capital, Osmosis Foundation, Chorus One and Informal Systems. The company did not disclose the valuation.
Cosmology provides a complete development environment, including development tools for Tendermint, the Cosmos SDK and iEnter blockchain communication (IBC) protocol. These tools, like Telescope and Cosmos Kit, aim to simplify the process of developing applications on Cosmos.
Cosmos is an interoperability network whose ecosystem contains several chains. These chains can interact with each other using the IBC protocol via the Cosmos Hub.
The company said its goal is to make dapp development accessible to all types of developers interested in Cosmos, reducing the need for in-depth expertise.
He further noted that hundreds of developers leverage Cosmology’s software to create DEXs, wallets, governance tools, NFT platforms, lending, derivatives trading platforms, and liquid staking protocols. These include Osmosis, Cosmostation, Stride, Juno, Celestia, dYdX, DaoDao, Stargaze, Leap Wallet, Persistence, Mars Protocol, Quicksilver and others.
“Our mission is to empower a broad range of developers, driving innovation and the transition from Web2 to Web3,” said Dan Lynch, founder of Cosmology. “We achieve this by enabling builders to quickly turn their ideas into released applications, focusing on general concepts rather than the low-level technical details of blockchain.”
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