#Cross-chain infrastructure SYNTHR secures millions in funding#
Hot Topic Overview
Overview
Cross-chain infrastructure SYNTHR recently announced the completion of its Series A funding round, raising $10 million from investors including Kronos, NGC Ventures, Morningstar Ventures, and others. SYNTHR is a cross-chain asset protocol built on Layer Zero, and also a synthetic asset protocol, allowing users to mint and trade on-chain derivatives. In addition to funding, SYNTHR has also received grant support from 11 organizations, including Oasis Network, Sui, and Sei.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure SYNTHR recently announced the completion of its 5th funding round, raising a total of $10 million. Participating investors include Kronos, NGC Ventures, Morningstar Ventures, and others. Additionally, the project has received 11 grant supports from Oasis Network, Sui, Sei, etc. SYNTHR is a cross-chain asset protocol built on Layer Zero, and also a synthetic asset protocol, allowing users to mint and trade on-chain derivatives. The funding will be used to further develop the SYNTHR protocol and expand its ecosystem. SYNTHR's successful fundraising demonstrates the growing interest in the cross-chain infrastructure and synthetic asset space, which is expected to see greater growth in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero, enabling users to mint and trade on-chain derivatives.
SYNTHR has completed 5 rounds of funding, raising a total of $10 million, attracting investments from renowned institutions such as Kronos, NGC Ventures, and Morningstar Ventures.
In addition to funding, SYNTHR has received 11 grants from Oasis Network, Sui, Sei, and other organizations, demonstrating its technical strength and market potential in the cross-chain space.
SYNTHR's cross-chain infrastructure can promote interoperability between different blockchains, providing users with a richer asset trading and derivatives trading experience.