Bitcoin interoperability platform Interlay raises $3M in seed funding
Interlay’s mission is to bring its interBTC product to all major blockchains, including Polkadot, Ethereum and Cosmos, according to founder and CEO Alexei Zamyatin. Interlay, a Bitcoin (BTC) interoperability project that first launched on Polkadot, has concluded a $3 million seed round to further develop its flagship decentralized finance product, marking another important capital raise in the blockchain industry. The funding will go towards supporting Interlay’s interBTC platform, which allows users to invest, earn and pay with Bitcoin on any blockchain. Originally commissioned for....
Related News
Interlay is developing infrastructure for decentralized financial apps on multiple blockchains, including Ethereum, Cosmos and Polkadot. DFG Capital has led a $6.5 million investment in the interoperability start-up Interlay, which is building infrastructure for decentralized finance applications across major blockchains such as Ethereum, Cosmos and Polkadot. As per the announcement, the new funds will be used by Interlay to scale its operations and bring more developers on board with its open-source platform. In a statement, James Wo, DFG founder and CEO, said Interlay's solution will....
Interlay was the recipient of an up-to-$100,000 Web3 Foundation grant in March 2020 to develop the parachain technology implemented. Interlay, a newly appointed Polkadot (DOT) parachain network, is nearing the completion of a two-year Bitcoin (BTC) bridge development project on Polkadot, with the launch announcement on its sandbox platform Kusama.Additionally, Interlay has integrated a Wrapped Bitcoin (wBTC) digital asset, known as kBTC, on their Canary parachain Kintsugi. The asset is already available for trading on other Polkadot parachains Karura, governed by Acala, and Moonriver,....
Binance Labs was the lead funder in a $60-million seed round, Interlay seeks to increase Bitcoin interoperability, Bent Finance and Grim Finance suffer million-dollar exploits — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you're only receiving a portion of the content from our DeFi....
PRESS RELEASE. Vancouver, August 8, 2022 – Airswift, a fintech startup pioneering Web 3.0 native payment solutions, announced that it raised $2 million USD in a pre-seed funding round led by CE Innovation Capital (CEiC).
The latest funding comes amid a bear market sentiment and uncertainty around crypto. It indicates that investors are confident about Airswift’s unique model, and optimistic about the future of payment solutions that power the use of digital assets.
With blockchain technology at its core, Airswift is building a comprehensive payment....
It is raining investments in the digital currency sector. A number of companies have raised millions of dollars in funding in recent days. Case Wallet Inc. also known as CryptoLabs has recently raised another tranche of seed investment of about $750,000 towards its bitcoin wallet business. Case Wallet Inc. is the manufacturer of Case secure hardware bitcoin wallets. The New York based startup has so far raised seed investment of about $2.25 million, including the earlier $1.5 million raised in June 2015. With the latest tranche of investment, the seed investment round stands closed. READ....