#Cross-chain platform SYNTHR secures multi-million dollar funding.#
Hot Topic Overview
Overview
Cross-chain infrastructure SYNTHR recently announced the completion of 5 rounds of financing, raising a total of $10 million. Participating investors include Kronos, NGC Ventures, Morningstar Ventures, and others. In addition, SYNTHR has also received funding support from 11 institutions including Oasis Network, Sui, Sei, and others. SYNTHR is designed based on Layer Zero, a cross-chain asset protocol and a synthetic asset protocol, allowing users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
SYNTHR, a cross-chain infrastructure, recently announced the completion of its 5th funding round, raising a total of $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. Additionally, the project has secured 11 grants from Oasis Network, Sui, Sei, and other organizations. Built on Layer Zero, SYNTHR is a cross-chain asset protocol, as well as a synthetic asset protocol, enabling users to mint and trade on-chain derivatives. The funds will be used to further develop its cross-chain infrastructure and expand the application scope of its synthetic asset protocol. The successful fundraising of SYNTHR demonstrates the growing interest in cross-chain technology and synthetic asset protocols, which will help drive further development of the Web3.0 ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero, enabling the transfer and trading of cross-chain assets.
SYNTHR is also a synthetic asset protocol, allowing 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., demonstrating its potential for development in the cross-chain field.