#SYNTHR Raises $10 Million in Funding#
Hot Topic Overview
Overview
Cross-chain infrastructure SYNTHR recently announced that it has completed 5 rounds of financing, raising a total of $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. In addition, the project has received 11 funding grants from Oasis Network, Sui, Sei, and other institutions. SYNTHR is a cross-chain asset protocol designed based on Layer Zero. It 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 Series 5 funding round, raising $10 million. Investors include Kronos, NGC Ventures, Morningstar Ventures, and others. The project has also received 11 grant supports from Oasis Network, Sui, Sei, and more. SYNTHR is a cross-chain asset protocol built on Layer Zero, and also a synthetic asset protocol, allowing users to mint and trade on-chain derivatives. The funds raised will be used to further develop SYNTHR's cross-chain infrastructure and expand the application scope of its synthetic asset protocol. SYNTHR aims to provide users with a secure, efficient, and scalable cross-chain platform to facilitate cross-chain asset liquidity and trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain infrastructure that has completed a $10 million financing round and has received investment from institutions such as Kronos, NGC Ventures, Morningstar Ventures, etc.
SYNTHR is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives.
In addition to financing, SYNTHR has received 11 grant supports from Oasis Network, Sui, Sei, etc.
SYNTHR is designed based on Layer Zero to achieve interoperability of cross-chain assets.