Yishay Harel is the co-founder and CEO of Dymension, a network of deployable and lightning-fast modular blockchains called RollApps. He was involved in raising $6.7 million in a seed funding round for Dymension in 2023. ^[1][3]

Dymension

Introduced in 2022, Dymension is an ecosystem that functions like a full-stack web application. Users interact with RollApps, which are the interactive applications for the Dymension network. The back-end system, Dymension Hub, coordinates the ecosystem, while the data availability networks provide a place to publicize data. ^[2]

“Dymension makes modular blockchains a reality, today,” explains Yishay Harel.

“We’re scaling a network of blockchains with technology capable of making the biggest paradigm shift since Ethereum. Dymension Hub will be the center of a new internet of value, composed of numerous modular blockchains.”  ^[4]

In February 2023, Dymension raised $6.7 million in a seed funding round. Big Brain Holdings and Stratos led the round, with Matchbox DAO, Shalom Meckenzie of DraftKings, and others participating. The funding was secured via a simple agreement for future tokens (SAFT). Harel began raising for the round in May 2022 and closed it in late 2022 amid widespread crypto collapses. ^[3][5]

DYM Genesis Drop

On January 2, 2023, Dymension announced the launch of Dymension's mainnet, coming soon, marking the introduction of DYM, the native asset of the Dymension protocol. ^[6]

DYM's role in the ecosystem is to ensure security, promote growth, and sustain Dymension along with the RollApps built on top of it. ^[6]

Until January 21, 2024, eligible addresses may claim their airdrop by visiting the dedicated airdrop site. The Genesis Rolldrop represents the start of Rolldrop seasons that will incentivize ecosystem users and builders. An allocation of 70,000,000 DYM (equivalent to 7% of the total supply) will be distributed as part of the Genesis Rolldrop. ^[6]