Artela is a startup focused on improving blockchain scalability and enabling developers to create feature-rich decentralized applications (dApps).
Speaking about the Cosmoverse protocol was its CEO, Jerry Li. Li emphasized the importance of blockchain scalability, saying it extends beyond the commonly discussed topic of scalability. While scalability is crucial, accommodating more users and transactions often leads to a focus on extensibility.
Extensibility focuses on improving the functionality of a blockchain without changing its basic structure. Li likened this concept to the vast ecosystem of applications that augment the capabilities of smartphones, providing users with a range of features and utilities.
Artela’s approach to scalability
Artela is designed to provide a unique blend of extensibility and composability. Although it is compatible with the Ethereum Virtual Machine (EVM), Artela is taking it a step further by introducing a new virtual machine called WOME.
This opens the door to multiple programming languages and introduces the innovative concept of “aspects”.
Li noted that the introduction of “Aspects” into Artela’s architecture allows for modular and customizable programming within the blockchain. This will also improve the inclusion of a user-defined native extension.
Aspect amplifies programmability and ensures seamless integration with existing smart contract models. This approach allows developers to inject different types of logic throughout the blockchain transaction lifecycle, from initiation to completion.
The result is a platform offering a higher degree of flexibility and customization for building blockchain-based applications.
Roadmap and future
The CEO also said that Artela’s journey, which began nine months ago, is currently in its first stage. A private testnet has been launched and the team is collaborating with close strategic partners to test the network’s capabilities.
He added that Artela plans to open the public testnet in December, welcoming wider community participation. Looking ahead, the project roadmap includes incubation and community programs, with the main network expected to launch in Q2 2024.
Artela has raised more than $6 million in seed funding led by Shima Capital, with participation from A&T Capital, Big Brain Holdings, SevenX, Dispersion, Amino and others. The investment will be used to develop the Artela network and commercialize it.
