TokenScript completes $6 million financing at a valuation of $200 million, led by Liang Xinjun

2022-09-27 21:47:57

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Chain Catcher news, Web3 open-source software development company Smart Token Labs today announced that its project TokenScript has completed a $6 million financing through a SAFT, led by Liang Xinjun, one of the founders of Fosun Group, with follow-on investments from HashGlobal, Bodl, Fenbushi Capital, SNZ Capital, UOB Ventures, Signum Capital, MH Ventures, and former Sequoia China founding and managing partner Zhang Fan. Currently, TokenScript's valuation has increased from $50 million last year to $200 million.

It is reported that TokenScript is a programmable smart token interface, and the TokenScript product BrandConnectors enables websites to respond based on the tokens in the user's wallet. It is currently integrating with platforms such as Shopify and Galaxy, and collaborating with other platforms in sports and loyalty.

In addition, Smart Token Labs also stated that the framework is interoperable across blockchains and has been successfully implemented on Solana, Flow, and Ethereum virtual machine networks (such as Optimism, Polygon, Avalanche, and Ethereum). (Source link)

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