Feb. 14: Sommelier, a DeFi platform offering yield-generating vaults, is expanding to Ethereum layer 2s via Axelar's cross-chain messaging.
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On Monday, the Web3 blockchain interoperability platform Analog announced the team has raised $16 million in a funding round from a wide array of venture capitalists and firms including Balaji Srinivasan, Tribe Capital, and Wintermute.
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Analog has clinched a $16 million funding round in an impressive stride toward revolutionizing blockchain interoperability. Tribe Capital took the lead in this financial boost, propelling Analog into a $120 million valuation spotlight.
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The funding is backed by several crypto projects and venture firms, including Near, Wintermute, Orange DAO, Quantstamp, Tribe Capital and NGC Ventures.
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According to Cointelegraph: Web3 platform Analog has raised $16 million in funding to further develop cross-chain communication tools targeted at developers.
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Analog, a blockchain interoperability project building cross-chain communication infrastructure, has raised $16 million in a seed and strategic funding round.
Read moreAnalog has been featured on top news and blog sites in the crypto industry.
Explore official Analog corporate visuals, including branding assets and usage guidelines.
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