The full-chain ledger protocol Cycle Network announced the completion of its first round of financing at the million-dollar level, led by Vertex Ventures

2024-02-27 22:22:44
Collection

ChainCatcher news, according to The Block, the trustless full-chain ledger protocol Cycle Network has announced the completion of a million-dollar Series A funding round, with the specific amount not disclosed. Vertex Ventures and Summer Ventures, under Temasek Holdings, led the round, with participation from LTP, Super Chain Capital, GSG Digital, and others.

It is reported that Cycle Network has launched a solution to the interoperability issues in the blockchain field, introducing a trustless method of exchanging information for blockchains through its innovative fully distributed ledger technology (ODLT), addressing the fragmentation problem of blockchain networks.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators