Dymension Raises $6.7m and Releases Testnet for a Network of Modular Layer-2 RollApps
Summary
Tel-Aviv, Israel, 9th February, 2023, Chainwire Blockchain scaling startup Dymension has completed a $6.7M raise and announced the release of its public testnet. Were scaling a network of blockchains with technology capable of making the biggest paradigm shift since Ethereum. Developers are able to seamlessly integrate the liquidity, security, and decentralization of the blockchain world into their application or build a new one with the help of Dymensions RDK.Dymension has focused its technology around ease of use and flexibility offering the Cosmos SDK as a rollup, with support for EVM, CosmWasm and other popular virtual machines. Were extremely excited to back the team on their journey.Originally developed for the Ethereum network, rollups have since enjoyed broader utilization on account of their ability to drive greater efficiencies in existing blockchain architecture. Dymension RollApps will bring ease of deployment and a significant reduction in development costs for the Cosmos and IBC ecosystem making it easier for developers, communities, and businesses to tap into blockchain security and liquidity from day one.Dymension is a network of modular blockchains called RollApps powered by the Dymension Hub.