### 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 from investors including Kronos, NGC Ventures, and Morningstar Ventures. In addition, the project has received 11 grant supports from Oasis Network, Sui, Sei, and others. SYNTHR is a cross-chain asset protocol built on Layer Zero, and is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure SYNTHR recently announced the completion of its 5th funding round, raising a total of $10 million. Participating investors include Kronos, NGC Ventures, Morningstar Ventures, and more. In addition, SYNTHR has received 11 grants from Oasis Network, Sui, Sei, and others. SYNTHR is a cross-chain asset protocol designed on Layer Zero, and it also serves as a synthetic asset protocol, allowing users to mint and trade on-chain derivatives. The funding will be used to further develop the SYNTHR protocol and expand its applications in the cross-chain space. SYNTHR's successful fundraising demonstrates the market's recognition of cross-chain infrastructure and its optimism towards synthetic asset protocols. With the continuous development of cross-chain technology, SYNTHR is poised to become a key player in the cross-chain field in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain infrastructure designed to enable seamless transfer and trading of cross-chain assets through its cross-chain asset protocol built on Layer Zero.
SYNTHR is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives, expanding the possibilities of cross-chain applications.
SYNTHR has raised a total of $10 million in multiple funding rounds, with investors including Kronos, NGC Ventures, Morningstar Ventures, and other renowned institutions.
SYNTHR has also received 11 grant supports from Oasis Network, Sui, Sei, etc., demonstrating its technological strength and development potential in the cross-chain field.