ChainSwap raises $ 3M from investors including Alameda Research and NGC Ventures
Summary
Cross-Chain Asset Bridge and Application Center ChainSwap closed a strategic $ 3 million funding round with the participation of some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap said it has raised funds to accelerate its vision of creating a multi-channel, multi-asset app hub. It plans to add cross-chain solutions for Bitcoin, Polkadot and Solana in the future and has already started with a Polkastarter bridge launched on March 21. The decentralized THORChain liquidity network will launch what it calls a “multichain chaosnet” (MCCN) on April 13. Thor’s native token, RUNE, hit all-time highs at the end of February after Multicoin Capital revealed it had built up a significant position.