Kolibrio Secures $2M to Enhance Web3 Infrastructure

Kolibrio's Successful Funding Round

Kolibrio, a pioneering Web3 infrastructure startup, has secured $2 million in a seed funding round. Jump Crypto led the investment, with participation from Delta Blockchain Fund, Everstake Capital, and additional angel investors. This funding is pivotal for advancing Kolibrio's flagship product, BEV Relay, and addressing crucial industry challenges.

Addressing the MEV Problem

Kolibrio is focused on resolving the Maximal Extractable Value (MEV) issue, a significant concern within smart contract blockchains. MEV arises from transaction reordering, front-running, and censorship, leading to value loss for Web3 users and compromising ecosystem integrity. Kolibrio's solution involves an on-chain order flow auction system (OFA) designed to empower transaction originators, such as wallets and dApps, enabling them to monetize their order flows effectively.

BEV Relay: An Innovative Solution

The company's flagship product, BEV Relay, aims to create an on-chain order flow marketplace. This platform connects transaction originators with algorithmic trading bots, known as searchers, facilitating a seamless and efficient trading environment. By doing so, Kolibrio reimagines the traditional finance concept of 'Payment for Order Flow' (PFOF) for the Web3 space.

Strategic Support and Future Prospects

With strong backing from Jump Crypto, Delta Blockchain Fund, and Everstake Capital, Kolibrio is well-equipped to introduce its cutting-edge technology to a burgeoning market. The company is poised to play a significant role in shaping the future of decentralized finance (DeFi), leveraging its innovative solutions to enhance the Web3 infrastructure landscape.