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MH Ventures, a boutique full-service venture capital firm in the blockchain, cryptocurrency & web3 space, has announced its participation in a strategic round of funding for TokenScript. TokenScript is an innovative new framework that improves the security, usability and functionality of blockchain tokens in multiple ways.
TokenScript will use the funds raised to continue development of its framework and to expand its team. The project has already attracted a lot of attention and is quickly gaining traction in the blockchain community.
Kamran, Co-Founder & Partner at MH Ventures, said, ‘’With TokenScript, you may create tokens in a structured manner. To express Token functionalities and make them deployable in the wallet and on websites, it encapsulates HTML, JavaScript, and XML. Through the use of TokenScript, any token can gain access to its own standalone app.‘’
Victor Zhang, CEO & Co-Founder, stated, ‘’We are delighted to have the support of MH Ventures for TokenScript. As an active Investor with a great web3 portfolio they bring strategic insight along with practical tools to help our project and team succeed.‘’
TokenScript is a framework that allows for better security and usability of blockchain tokens. It does this by creating a layer between the blockchain and user devices. This allows for more flexibility and customization of how users interact with their tokens.
By using TokenScript, web services and wallets can easily, privately and securely implement tokens, both on and off chain, without requiring a deep understanding of the underlying smart contracts. The framework allows token issuers to package and deliver the JavaScript/HTML code required to access token contracts.
Tokens can be run as mini decentralized apps within the wallets, and websites can easily integrate their full functionality. Users can add any information, app, and rules to their token without considering the restrictions of smart contracts. They can create interoperability with other tokens and even render the functionality of their tokens due to circumstances.
MH Ventures has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc. They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.
For more information, follow MH Ventures on Twitter and LinkedIn.
The TokenScript framework enhances the usability, security, and functionality of blockchain tokens in a number of ways. With TokenScript JavaScript / XML framework, a layer can be created between blockchains and user devices. TokenScript makes it possible for token issuers and other trusted authorities to add a set of information, rules, and functionality to a given token. This makes the token much more useful and valuable.
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