Express

ParaState, The Ethereum-Polkadot Bridge Project, Closed $1.3 Million In Seed Round Funding

Mary Liu

Summary: ParaState, a blockchain project that aims to bridge Ethereum and Polkadot, announced that it has raised $1.3 million in seed round funding. It is reported that the company is valued at $12 million. The seed round was led by CMS Trading, with participation from Kenetic Capital, FBG Capital, and JRR Capital. Co-founder Marco Chen said: ...

ParaState, a blockchain project that aims to bridge Ethereum and Polkadot, announced that it has raised $1.3 million in seed round funding.

It is reported that the company is valued at $12 million. The seed round was led by CMS Trading, with participation from Kenetic Capital, FBG Capital, and JRR Capital.

Co-founder Marco Chen said: "We aim to bridge the application and developer ecosystem between Ethereum and Polkadot."

By Mary Liu

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.