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Anoma Foundation, a non-profit organization focused on blockchain technology, secures $25 million in its third funding round led by CMCC Global, a venture capital firm specializing in cryptocurrencies. The raised capital will be utilized to advance the development of the Anoma architecture, facilitate research and development efforts, foster ecosystem growth, and establish strategic partnerships. These details were shared in a press release provided to CoinDesk.

The Anoma Foundation, a non-profit organization based in Switzerland, serves as the governing body for Anoma, an all-encompassing architecture designed to assist developers in constructing decentralized applications. Anoma is accompanied by Namada, a layer 1 blockchain that enables confidential transactions, empowering each participant in a transaction to independently select the specific asset they wish to send or receive. The Anoma architecture holds immense potential for various applications, such as decentralized exchanges (DEXs) and decentralized finance (DeFi) platforms.

“Anoma is the first generalized intent-centric blockchain architecture which enables truly decentralized applications, from decentralized DEXs to decentralized rollup sequencers,” said Adrian Brink, co-founder of Anoma, in a statement. “Compared to existing architectures such as Ethereum/EVM, [Anoma] makes dapps an order of magnitude more composable and an order of magnitude easier to build.”

The funding round also saw participation from a range of other prominent investors, including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor, among others. Prior to this round, the Anoma Foundation successfully raised $26 million in November 2021, with Polychain Capital leading the funding round.

Source Coindesk