2024

Read

Cosmos

<div class="cryptonews">
 <p class="is-style-lead">Today, Polymer Labs secured $23 million in funding for its Series A round to help develop a modular layer 2 <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>.&nbsp;</p>
 <p>The layer 2 network utilizes the Cosmos SDK’s Inter-Blockchain Communication (IBC) protocol, OP stack’s settlement features, and Eigenlayer’s data availability layer. Founders Bo Du and Peter Kim, who have been involved in the blockchain industry, shifted their focus to this project in the summer of 2021, aiming to improve blockchain interoperability.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">We've co-led the Series A of @Polymer_Labs!<br><br>Polymer is establishing the next generation of the internet by scaling IBC <a rel="noopener noreferrer nofollow" title="interoperability" href="https://thebittimes.com/tag/interoperability.html">interoperability</a> to all <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>s.<br><br>More on our thesis by @yuan_han_li and @h_joshua_rivera. ↓https://t.co/82S4PovTTV</p>— Blockchain Capital (@blockchaincap) January 23, 2024
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Religious leaders face fraud charges over crypto scheme
 </div>
 <p>Originally, Polymer Labs aimed to develop an entirely new <a rel="noopener noreferrer nofollow" title="interoperability" href="https://thebittimes.com/tag/interoperability.html">interoperability</a> protocol similar to several general message-passing protocols already in existence. However, their research and development led them to the Cosmos SDK’s IBC protocol, a discovery that pivoted their project’s direction. The IBC protocol is a crucial element in the Cosmos ecosystem, designed to enable secure and efficient data transfer between distinct <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>s.</p>
 <p>The funding round was co-led by notable industry players Blockchain Capital, Maven 11, and Distributed Global. This round also witnessed contributions from a consortium of influential investors, including Coinbase Ventures, Placeholder, Digital Currency Group, North Island Ventures, and Figment Capital. Previously, in 2022, Polymar Labs closed its seed round with $3.6 million in funding.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin dips below $40k amid BTC ETF selloffs
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polymer-labs-raises-23m-for-blockchain-interoperability-network-tbt77491.html">https://thebittimes.com/polymer-labs-raises-23m-for-blockchain-interoperability-network-tbt77491.html</a></p>

Polymer Labs raises $23m for blockchain interoperability network

TheBitTimes

Други статии, публикувани на 23.01.2024 г.

Bitget Unveils New Messi Film to Kick off Second Year of Messi Partnership

Cardano’s Trading Volume Surges Amid Price Decline

METALSWAP RESEARCH&DEVELOPMENT - CHAINLINK SOLUTION

Core Scientific Emerges from Bankruptcy, Reenters Nasdaq

Bitcoin is dealing with pre-Fed meeting and post-ETF jitters

3M’s (MMM) Strong Q4 Performance: EPS Hits $2.31, Outshining Revenue Projections

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!