Startup KaJ Labs has closed a $400 million startup funding round with participation from Global Emerging Markets Digital, Four Capital, and other investors.

The volume of capital raised was the second largest in 2022 at this financing stage.

The funds will be used to develop the Lithosphere cross-chain application platform.

Participants of the investment round received the right to subscribe to LITHO tokens. The asset is available on the MEXC exchange paired with USDT.

The team has created resources to expand the platform’s toolset and worldwide application.

In particular, lithospere solutions are already used by the Jot Art Metaverse project. Developers launch Finesse RPG game with elements P2E. In the first phase, NFTs are supported on Ethereum and BNB Chain networks. This list is expected to expand in the future.

KaJ Labs team set a goal to ensure interoperability dapps on all existing blockchains.

Litosphere uses deep neural networks to use smart contracts intelligently. Interoperability allows multiple value transfer methods to be used within a single governance structure.

Recall that in May the Polkadot team launched the XCM messaging system that allows communication between various parachains.

Connext project, which previously focused on blockchain interoperability, introduced the NEXT native token and announced the creation of a DAO.