Cronos Labs has enlisted the expertise of industry leaders, including Google Cloud, Amazon Web Services, as well as distinguished blockchain security experts from PeckShield and Certik, to serve as mentors for their program.
Blockchange Ventures took the forefront in spearheading the fundraising efforts, joined by a consortium of investors including Dispersion Capital, Symbolic Capital, Hypersphere Ventures, Iclub, and TA Ventures.
The protocol was constructed upon LayerZero's architecture, which secured a staggering $120 million funding earlier this year, valuing the company at an impressive $3 billion.
The funding round attracted substantial investments from prominent entities, including Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.
Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan, and Polygon co-founder Sandeep Nailwal enthusiastically participated in the funding round as angel investors.
The Swiss non-profit organization is responsible for managing both the Anoma blockchain architecture and the layer 1 blockchain called Namada.
The startup provides enterprise clients like Macy's and Mattel with a secure non-custodial wallet infrastructure.
The startup provides convenient on- and off-ramps that facilitate the interaction of new users with Web3 projects.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
Superscrypt spearheaded the extension of pre-seed funding, with Polygon already onboard as an investor.