#Cross-chain project SYNTHR secures multi-million dollar funding#
Hot Topic Overview
Overview
Cross-chain infrastructure project SYNTHR recently announced that it has completed 5 rounds of funding, raising a total of $10 million. Participating investors include Kronos, NGC Ventures, Morningstar Ventures, and others. In addition, the project has received grant support from 11 sources, including Oasis Network, Sui, and Sei. Built on Layer Zero, SYNTHR is a cross-chain asset protocol and a synthetic asset protocol that allows users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
SYNTHR, a cross-chain infrastructure project, has announced the completion of its Series 5 funding round, raising a total of $10 million. Investors in the round include Kronos, NGC Ventures, Morningstar Ventures, and others. Additionally, the project has received funding support from 11 entities, including Oasis Network, Sui, and Sei. Built on Layer Zero, SYNTHR is a cross-chain asset protocol and a synthetic asset protocol that enables users to mint and trade on-chain derivatives. The funding will be used to further develop its cross-chain infrastructure and expand its synthetic asset market. SYNTHR's successful funding round is a testament to investor confidence in cross-chain technology and the synthetic asset market, reflecting the growing demand for cross-chain infrastructure.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR as a cross-chain infrastructure, has completed a $10 million financing round, attracting investment from well-known institutions such as Kronos, NGC Ventures, Morningstar Ventures.
SYNTHR has also received 11 grant supports from Oasis Network, Sui, Sei, etc., demonstrating its technical strength and market potential in the cross-chain field.
SYNTHR is a cross-chain asset protocol designed by Layer Zero, and is also a synthetic asset protocol, which can support users to mint and trade on-chain derivatives.
SYNTHR's successful financing demonstrates the market's recognition and expectation of cross-chain infrastructure and synthetic asset protocols.