Top VCs Join EYWA's Seed Round Led by Curve's Founder
Summary
Road Town, British Virgin Islands, May 02, 2024 (GLOBE NEWSWIRE) -- EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability.The investment has been led by Curve Finance founder Michael Egorov with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They solve the problem of liquidity fragmentation between chains by creatively composing Curve meta pools and the actual bridge. CrossCurve supports the seamless transfer of multiple token types from stablecoins to liquidity provider and liquid staking tokens.The overall goal is to reshape the DeFi landscape, make cross-chain transfers more intuitive and less painful, and create a one-stop-shop for traders.Major blockchains including Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism are now under one roof with support planned for more. Gaining momentum The fresh funding comes hot on the heels of EYWA winning the Start In Block competition at Paris Blockchain Week and coming in first place.EYWA saw off competition from more than 800 Web3 startups with high potential, and pitched in front of hundreds of conference attendees on the master stage.The project is now advancing to the next round of the popular show Meet The Drapers, where aspiring entrepreneurs battle it out to win $1 million in funding from billionaire investor Tim Draper and a panel of guest judges.Whats more, the EYWA Adventure Quest is underway giving participants a chance to win a share of 50 million $EYWA.There are several ways of getting involved in this airdrop. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Funding
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