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Gear Technologies
Gear Technologies develops solutions for Web3 infrastructure to enhance speed, security, and automation. Their core product, Gear Protocol, is a toolkit for creating decentralized applications (dApps). They also offer Gear.exe, a high-performance decentralized compute network designed to supercharge Ethereum by accelerating Layer-1 dApps with fast, scalable, and seamless parallel execution, eliminating the need for bridged assets and fragmented solutions like L2s and rollups.
Distributed
Description
Gear Technologies is focused on developing solutions for Web3 infrastructure to enhance speed, security, and automation, aiming to provide a Web2-like user experience. Their main offering is the Gear Protocol, a comprehensive toolkit for rapid dApp creation featuring key technologies like the Actor Model for asynchronous messaging, Persistent Memory for simplified program storage, and WebAssembly (WASM) for fast, secure execution of on-chain programs. The company's products include Vara Network, a sovereign Layer-1 decentralized network built on Gear Protocol, and Gear.exe, a Vara-based, bridgeless runtime network for the Ethereum ecosystem designed for unlimited parallel execution. Gear.exe provides a high-performance decentralized compute network, offering up to 1000x faster performance through parallel processing and inherited security from Ethereum, making it ideal for DeFi, AI, scientific computing, and high-performance gaming. The ecosystem is supported by the Gear Foundation, which empowers developers with tools and resources, including a developer-friendly environment using Rust and Gear's high-level library.Grant Funding
VC Funding
None
2021
$0
$12M