Beamer Bridge

Beamer Bridge

A community driven and open source project. Learn more

Market cap
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Enterprise valuation
AUD11—17m (Dealroom.co estimates Nov 2022.)
Berlin Germany (HQ)
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DateInvestorsAmountRound
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$1.9m

Seed
Total FundingAUD2.9m

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Beamer Bridge is a bridging protocol that facilitates the transfer of ERC20 tokens between supported Layer 2 (L2) chains and Layer 1 (L1) chains. The company serves cryptocurrency users and developers who need to move assets across different blockchain networks efficiently. Operating in the decentralized finance (DeFi) market, Beamer Bridge leverages smart contracts written in Solidity to handle transfer requests, fulfillments, and messaging between Ethereum layers. The business model revolves around charging a 0.3% fee on the transfer amount, making money by providing a seamless and secure token transfer service. Clients benefit from receiving canonical tokens, ensuring they always get the exact token they sent without derivatives or proxies. The protocol is designed to be user-friendly, offering blazing fast transfer speeds, often completing transactions in as little as 2.5 seconds and always under 20 seconds. Beamer Bridge aims to eliminate asset fragmentation, allowing users to consolidate their assets on their preferred rollup and access a wide range of decentralized applications (dApps), DeFi protocols, games, NFT projects, and DAOs across various blockchain networks.

Keywords: ERC20, bridging protocol, Layer 2, Layer 1, DeFi, smart contracts, Solidity, canonical tokens, fast transfers, user-friendly.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.