#SYNTHR Raises $10 Million 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. The round was led by Kronos, NGC Ventures, Morningstar Ventures, and other institutions. The project also received funding support from 11 other entities, including Oasis Network, Sui, and Sei. 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.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure provider SYNTHR has announced the completion of its 5th funding round, raising a total of $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. In addition, SYNTHR has received 11 grant supports from Oasis Network, Sui, Sei, and others. SYNTHR is a cross-chain asset protocol built on Layer Zero, and is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives. This funding will be used to further develop its cross-chain infrastructure and expand its synthetic asset market. The success of SYNTHR's financing demonstrates the market's recognition of cross-chain technology and synthetic assets, and also signals new development opportunities for the cross-chain field.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a startup focused on cross-chain infrastructure, having completed 5 rounds of financing for a total of $10 million.
SYNTHR's investors include well-known institutions such as Kronos, NGC Ventures, Morningstar Ventures.
In addition to financing, SYNTHR has received 11 grant supports from Oasis Network, Sui, Sei and other projects.
SYNTHR is a cross-chain asset protocol designed based on Layer Zero, and also a synthetic asset protocol, allowing users to mint and trade on-chain derivatives.