Apr 8, 2021 11:23 UTC
Apr 8, 2021 at 11:23 UTC
ChainSwap increases $3 Million from investors with NGC Ventures & Alameda Research
The multi-chain bridge hub goals to bridge ETH & BSC & outside. Cross-chain asset bridge & request hub ChainSwap has shut a $3M planned funding round with contribution from some of the main names in DeFi & the crypto industry.
In an April 7 statement, ChainSwap specified that it elevated the funds to hurry its dream of creating a multi-chain & multi-asset request hub.
Participants comprised some large names in crypto & DeFi like NGC Ventures, DAO Ventures, Alameda Research, OKEx’s venture arm OK Block Dream Fund, Metaconstant Ventures, CMS Holdings, Rarestone Captial, Spark Digital Capital, SRC Capital, & several others.
The ChainSwap platform permits projects to flawlessly bridge between ETH, Binance Smart Chain, & the Huobi Eco Chain. It tactics to add cross-chain solutions for BTC, Polkadot, & Solana in the future & has previously started with a Polkastarter bridge hurled on March 21.
The protocol now supports 18 tokens from numerous stages including Vortex VTX token, stablecoins RAI & FEI, Polkastarter’s POLS, Strongblock’s STRONG, & an amount of more obscure listings which can be flawlessly swapped between the 3 presently supported blockchains.
It tactics to present its token which will be airlifted for protocol operators & holders of the AntiMatter token, MATTER. AntiMatter Finance is a frivolous on-chain DeFi continuous derivative protocol now running on testnet.
ChainSwap is one of a quantity of multi-chain stages incoming the DeFi space in new months. Decentralized liquidity network THORChain will be initiation what it calls a “multichain chaos net” (MCCN) on April 13.
The multi-chain AMM will contest with the likes of Uniswap v3 when its energies live in initial May. Thor’s innate token RUNE rallied to all-time highs in late Feb. after Multicoin Capital exposed it had accrued a large position.