### Cross-chain infrastructure SYNTHR secures $10 million in funding#
Hot Topic Overview
Overview
SYNTHR, a cross-chain infrastructure, has announced the completion of its Series A funding round, raising $10 million. The round was led by Kronos, NGC Ventures, and Morningstar Ventures, among others. In addition, SYNTHR received 11 grants from Oasis Network, Sui, Sei, and others. SYNTHR is a cross-chain asset protocol built on Layer Zero and a synthetic asset protocol, enabling users to mint and trade on-chain derivatives. This funding will be used to further develop its cross-chain infrastructure and synthetic asset protocol, as well as expand its market presence.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure provider SYNTHR announced it has closed a $10 million funding round across 5 rounds. Investors in the round include Kronos, NGC Ventures, Morningstar Ventures, and others. The project also received funding support from 11 entities including Oasis Network, Sui, and Sei. SYNTHR is a cross-chain asset protocol built on Layer Zero, and it's also a synthetic asset protocol that allows users to mint and trade on-chain derivatives. The funding will be used to further develop SYNTHR's cross-chain infrastructure and expand the application scope of its synthetic asset protocol. SYNTHR's successful fundraising demonstrates the market's recognition of cross-chain technology and synthetic assets, and it also reflects the confidence of investors in the SYNTHR team and its technical strength.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero that enables the transfer and trading of cross-chain assets.
SYNTHR is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives.
SYNTHR has completed 5 rounds of financing, raising a total of $10 million, with investments from institutions such as Kronos, NGC Ventures, and Morningstar Ventures.
SYNTHR has also received 11 grant supports from Oasis Network, Sui, Sei, etc., indicating its wide recognition in the cross-chain field.