Nomadic cross-chain bridge developers raise $22M
- April 13, 2022
- 0
The team behind the Nomad cross-chain bridge has closed a $22 million seed funding round at a $225 million valuation led by Polychain Capital. gm! We are excited
The team behind the Nomad cross-chain bridge has closed a $22 million seed funding round at a $225 million valuation led by Polychain Capital.
gm! We are excited to announce that we have closed our $22 million seed round led by him. @polychainand with the participation @1kxnetwork, @etherealvc, @hack_vcand many other wonderful funds and angels!https://t.co/rKmJaRDJhC pic.twitter.com/3y7998lwGx
— Nomad (@nomadxyz_) April 12, 2022
Funding was also provided by 1kx, Ethereal, Hack VC, Circle Ventures, Amber, Archetype, Lattice, A&T Capital, Hypersphere, Dialectic, Breyer Capital, Figment, LedgerPrime, Robot Ventures, Continue Capital, Wave Financial, Open Web Collective and other startups. equity funds and business angels.
The startup will use the funds received to add support for new networks, marketing objectives, empowering the team and a gradual transition to decentralization.
Nomad is currently active on Ethereum, Moonbeam and Milkomeda.
The protocol uses “evidence of fraud” as in Optimistic Gathering. This allowed for a less reliable cross-chain bridge that could be easily distributed between different ecosystems. Technology has eliminated the need for multiple signatures, verifiers and oracles.
2/ Optimistic bridges are leading a new paradigm for cross-chain communication. You don’t need to rely on multiple signatures, oracles, or validators to validate cross-chain messages. our friends @connextnetwork wrote more about it here: https://t.co/HHtV2iwJQU
— Nomad (@nomadxyz_) April 12, 2022
We would like to remind you that Nomad is compatible with zkSync 2.0. In February 2022, the Matter Labs team deployed the first layer 2 EVM compatible solution based on ZK-Rollup technology on the Ethereum testnet.
https://forklog.io/chto-takoe-krosschejn-mosty/
CertiK, a startup focused on auditing the security of smart contracts, has predicted an increase in the number of new malicious attacks, particularly related to cross-chain bridges and instant loans.
Since the beginning of 2022, the figure has reached $1.22 billion as a result of events with Ronin Network, Wormhole, Qubit Finance and Meter.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
