Cross-chain interoperability protocol Socket announced it has raised a $5 million strategic investment from Coinbase Ventures and Framework Ventures. With this investment, Socket will expand its collaboration with Coinbase to bring its cross-chain infrastructure to Coinbase products, such as Coinbase Wallet and Base.
Coinbase Wallet will introduce the bridging feature powered by Socket, which allows users to bridge from Ethereum to Base and other Layer2s within the wallet. In addition, Socket will help developers and Dapps expand to Base.
In March last year, Socket closed a $5 million seed funding round led by Framework Ventures.
Related: Cross-Chain Infrastructure Socket Closed $5 Million Seed Round with Coinbase Ventures and Others
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Cross-Chain
Coinbase Ventures
Fund Raising
