#Cross-chain infrastructure SYNTHR raises $10 million in funding.#
Hot Topic Overview
Overview
SYNTHR, a cross-chain infrastructure provider, has announced the completion of its Series 5 funding round, raising a total of $10 million. This round was led by Kronos, NGC Ventures, and Morningstar Ventures, among others. SYNTHR also received funding support from 11 institutions, including Oasis Network, Sui, and Sei. 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 funding will be used to further develop its cross-chain infrastructure and expand its synthetic asset market.
Ace Hot Topic Analysis
Analysis
Cross-chain infrastructure provider SYNTHR recently announced the completion of its 5th funding round, raising a total of $10 million. Participating investors include Kronos, NGC Ventures, Morningstar Ventures, among others. Additionally, SYNTHR has secured funding support from 11 organizations including Oasis Network, Sui, and Sei.SYNTHR is a cross-chain asset protocol built on Layer Zero, which is also a synthetic asset protocol that allows users to mint and trade on-chain derivatives. This 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 asset protocols, signaling new opportunities for growth in the cross-chain space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero, which helps users 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 grants from Oasis Network, Sui, Sei, and other institutions.
As a cross-chain infrastructure, SYNTHR aims to promote the liquidity and trading efficiency of cross-chain assets.