Defi cross-chain interoperability protocol Nomad has secured a $22.4 million seed round from the crypto industry leader.
Crypto investment firm Polychain led the round. Crypto.com Capital, Wintermute, Gnosis, Algaé and Polygon participated. Other participants include newcomers Coinbase Ventures, OpenSea,
This financing round will be used to expand Nomad to other blockchains, helping it create a more secure cross-chain bridge encryption ecosystem, where different blockchains can communicate more securely and cost-effectively, avoiding hackers - such as The $625 million attack on Axie Infinity's Ronin network in March.
Anurag Arjun, the co-founder of Polygon, said, "Because Nomad provides a trust-minimized protocol for cross-chain messaging, there are potential applications that go well beyond just token bridging. We look forward to seeing some exciting new use cases come to life on-chain.”
Nomad is a cross-chain communication protocol that uses an Optimistic fraud-proof mechanism to...
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