#Cross-chain infrastructure SYNTHR secures millions in funding#
Hot Topic Overview
Overview
Cross-chain infrastructure SYNTHR has announced the completion of its Series 5 funding round, raising a total of $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. Additionally, SYNTHR has received funding support from 11 entities, including Oasis Network, Sui, and Sei. Designed based on Layer Zero, SYNTHR is a cross-chain asset protocol, and a synthetic asset protocol, enabling users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure SYNTHR recently announced that it has completed five rounds of financing, raising a total of $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. Additionally, the project has received grant 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, enabling users to mint and trade on-chain derivatives. The financing will be used to further develop its cross-chain infrastructure and expand its synthetic asset market. SYNTHR's successful financing demonstrates the market's recognition of cross-chain technology and its bullish outlook on the synthetic asset market. As cross-chain technology continues to develop, more projects like SYNTHR are expected to emerge, providing users with a more convenient and efficient cross-chain experience.
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 users to mint and trade on-chain derivatives.
SYNTHR has completed 5 rounds of financing, raising a total of $10 million, attracting investment from well-known institutions such as Kronos, NGC Ventures, and Morningstar Ventures.
In addition to financing, SYNTHR has also received 11 grant supports from Oasis Network, Sui, Sei, and other organizations, demonstrating its development potential in the cross-chain field.
SYNTHR, as a cross-chain infrastructure, aims to provide users with a more convenient and efficient cross-chain asset trading experience.