Cytonic Secures $8.3 Million Seed Funding To Solve Blockchain Compatibility

Quick Summary:

 Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors.

Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.

Ivan, former Executive at Spin Labs, along with his co-executives—Chelsea, former Partner at Foresight Ventures, and Badconfig, former Senior Engineer at Faraway—have years of experience building and investing in decentralized technologies across Bitcoin, Ethereum, Solana, Near, and other notable projects.

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Article Details

Author / Journalist: Jine Angel

Category: Crypto

Markets: United Arab Emirates

Topics: Press Release Cytonic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 10:00:00 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23461516

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