Multicoin

Million

Billion

Cross-chain protocol Wormhole has secured $225 million in funding at a $2.5 billion valuation. Investors include Coinbase Ventures, Multicoin Capital, and Breven Howard, a well-known hedge fund.
The new round of funding took the form of token warrants, which grant holders rights to tokens at a future date. Wormhole has not announced its token yet, making the market expect an airdrop of tokens in the future.
Earlier this month, Jump Trading Group, the incubator for Wormhole, spun off the project, signaling a new phase of independence for the cross-chain protocol.
Wormhole faced a significant setback in early 2022 when it fell victim to a substantial hack, resulting in an estimated loss of $320 million.

Wormhole Secures $225 Million Funding at $2.5 Billion Valuation

TokenInsight

Other articles published on Nov 30, 2023

Understanding Dogecoin’s Inflation and Its Economic Impact on Crypto Value

Kyber Network (KNC) Exploit Leads to Unprecedented Hacker Demands and Company Takeover Threat

Fluree Unveils JSON-LD Database in Public Preview

Top Altcoins To Watch In December: Prices Of Terra Luna Classic (LUNC), Dogecoin (DOGE), And Sola...

BITCOIN TECHNICAL ANALYSIS-Dollar 37,750: Is Rally Running Out of Fuel

To Expand Their Blockchain Communication Network, Wormhole Raises $225M, Valuing It at $2.5B

Join our free newsletter for daily crypto updates!