The funds will support the establishment of the Connext Foundation and drive the development of a secure, interconnected future for blockchain networks.
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The funds raised will be used to grow the company’s staff base and to accelerate the development of innovative privacy tools and protocols.
“The future of Web3 is multichain. This means that transactions across multiple blockchains can and should be as easy and safe as those on a single chain,” states t3rn Founder and CTO, Maciej Baj.
It will support more development by Tharsis Labs on Evmos and the accelerated growth of the Evmos ecosystem.
Nomad enables developers to securely build cross-chain applications (or xApps) and bridge data and assets between chains.
Spectral Finance is building a decentralized credit risk infrastructure based on a user’s on-chain activity and behavior.