Polkadot Ecosystem Blockchain Development Company Polytope Labs Completes $2.6 Million in Financing

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Polytope Labs, a blockchain development company in the Polkadot ecosystem, announced a financing of $2.6 million through Polkadot Crowdloan. The new funds will be used to promote the development of its cross-chain interoperability service, Hyperbridge, and to facilitate efficient data exchange and collaboration across platforms. It is reported that the Hyperbridge Gargantua v2 test network has deployed over 50 nodes. In addition, Polytope Labs also announced that it won the Polkadot parallel chain #65 slot auction with over 273,000 DOT.

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