#Cross-chain infrastructure SYNTHR raises tens of millions of dollars in funding#
Hot Topic Overview
Overview
SYNTHR, a cross-chain infrastructure, has announced the completion of its Series 5 funding round, raising a total of $10 million. This round was led by Kronos, NGC Ventures, and Morningstar Ventures, among others. The project also received funding support from 11 entities, including Oasis Network, Sui, and Sei. SYNTHR is a cross-chain asset protocol built on Layer Zero, and also a synthetic asset protocol, enabling users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure project SYNTHR has secured $10 million in funding across five rounds.Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. The project has also received grant support from 11 projects, including Oasis Network, Sui, and Sei.SYNTHR is a cross-chain asset protocol and synthetic asset protocol built on Layer Zero that enables users to mint and trade on-chain derivatives. The funding will be used to further develop the SYNTHR protocol and expand its ecosystem.The successful fundraising for SYNTHR demonstrates the increasing interest in the cross-chain infrastructure and synthetic asset space, indicating a promising future for its development.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero that enables the transfer and trading of cross-chain assets.
SYNTHR is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives.
SYNTHR has completed 5 rounds of financing, raising a total of $10 million, with investments from institutions such as Kronos, NGC Ventures, and Morningstar Ventures.
SYNTHR has also received 11 funding supports from Oasis Network, Sui, Sei and other institutions.