Bware Labs - Empowering Web3 Development

The cryptocurrency infrastructure and development tools industry has witnessed tremendous growth and innovation in recent years. As the adoption of cryptocurrencies and blockchain technology continues to expand, the need for robust infrastructure and efficient development tools has become more crucial.

Despite significant advancements in blockchain technology, challenges persist in accessing the blockchain in a decentralized, reliable, and fast manner. Bware Labs, an innovative company, has emerged as a pioneer in building a one-stop shop for decentralized blockchain access.

Image Source: Bware Labs

What is Bware Labs

Bware Labs is a forward-thinking company primarily focusing on developing infrastructure solutions and tools for the crypto industry. Recognizing the demand for a high-performance, decentralized, secure, and accessible infrastructure platform, the team embarked on a journey to create a decentralized solution that could underpin the next generation of decentralized applications (dApps) without relying on centralized networks.

Bware Labs's flagship product is the Blast API, an API platform that supports multiple chains and networks. Since its introduction, Blast API has gained widespread popularity, boasting 4,000 weekly active users and more than 50 enterprise customers. With support for over 43 networks and 24 chains, including prominent ones like MultiversX, Aptos, Sui, Starknet, and Arbitrum Nova, Blast has processed over 100 billion API calls. Its cutting-edge proprietary solutions for proxying and routing user requests result in industry-leading response times and unparalleled reliability.

Bware Labs doesn't stop at Blast API; it provides an array of other products, such as Faucets, Snapshots, App Chains, Validators, Bridge Operators, and Indexing services, further solidifying its position as a comprehensive infrastructure solutions provider.

Founding Team and Fundraising

Founded in 2020, Bware Labs owes its success to a talented team of individuals with blockchain, software development, and cybersecurity expertise. The team has grown to include over 50 members, with even two dogs contributing to the company's growth and success.

In February 2022, Bware Labs achieved a significant milestone by securing $7 million in its Series A funding round. Noteworthy investors, including Infinity Ventures Crypto, Woodstock, Hypersphere Ventures, Blizzard, Coingecko Ventures, GBV, Spartan Group, and Morningstar Ventures, showed their confidence in the company's vision and potential.

Tokenomics - The Role of $INFRA in the Blast Economy

On May 30th, 2023, the highly anticipated $INFRA token was launched by Bware Labs, ushering Blast into a new era of permissionless operation.

Image Source: Bware Labs Tokenomics

Understanding the $INFRA Token's Utility

The $INFRA token is a powerful incentive for operators to join the Blast protocol with their blockchain nodes, ensuring a decentralized and reliable platform. It rewards top-performing nodes while penalizing those that fail to meet quality requirements. Stakeholders can enhance platform performance and security by staking $INFRA with Blast Operators, offering attractive APY rates ranging from 8% to 12%.

Earning More $INFRA

Bware Labs provides several opportunities to earn additional $INFRA tokens. Stakeholders can participate in Staking Pools available on the Blast Explorer to earn APY based on pool performance. Moreover, they can triple their assets by joining the "Stake across the Galaxy" competition, registering for pit stop raffles, or competing for guaranteed $INFRA rewards.

$INFRA Airdrops

Bware Labs has planned three types of airdrops on the Avalanche chain during the listing day:

1. Community Airdrop: GMG Badge Genesis NFTs Holders will receive corresponding $INFRA amounts based on their NFT type (bronze — 100 $INFRA, silver — 250 $INFRA, gold — 1000 $INFRA).

2. Houston Testnet Community Phase Airdrop: Testnet participants who actively tested delegated staking functionalities and Blast capabilities will receive airdrops based on their testnet completion form submissions.

3. Operators Airdrop: Operators who have been running nodes on the Blast Mainnet without receiving rewards for the past three months will also be rewarded.

Conclusion

Bware Labs stands at the forefront of the crypto infrastructure and development tools industry, providing innovative solutions to address the challenges of decentralized blockchain access. With its flagship product, Blast API, and the introduction of the $INFRA token, Bware Labs is making significant strides toward its vision of a decentralized, reliable, and high-performance Web 3 infrastructure. As the company continues to grow and evolve, it promises to be a driving force in shaping the future of the blockchain ecosystem.