![]() “Aligning with our plan to improve Web3, Multichain will integrate NFT Cross-Chain Bridge and our new any Call solution for arbitrary cross-chain contract calls, supporting innovative NFT and DeFi DApps in cross-chain ecosystems. Zhaojun, the Co-founder of Multichain, said in a statement that the cross-chain infrastructure helps to connect public blockchains and crypto-assets with lower transaction fees, shorter bridging time, and higher security levels. Multichain provides interconnecting infrastructure for many public blockchains which includes Ethereum, Binance Smart Chain, Avalanche, Moonriver among others. However, i n order to create a strong brand positioning in the market and provide the platform’s users with better cross-chain services, it was relaunched as Multichain, with a focus on infrastructure for arbitrary cross-chain interactions. Formerly known as Anyswap, the platform was founded as a cross-chain decentralized exchange. The funds raised from the venture capital and incubation arm of the world’s largest cryptocurrency exchange will be used by Multichain to support its ecosystem and its internal teams, including R&D, audit, and service, according to its official blog post.Īpart from Binance Labs, the round also witnessed the participation of other co-investors which included, Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures, and HashKey.įor the uninitiated, Multichain is a cross-chain protocol (CRP) and aims to be the most popular router for Web 3. Binance Labs, the investment arm of the prominent cryptocurrency giant Binance has led an investment round of $60 million for Multichain, an industry-leading cross-chain protocol. ![]()
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