Layer2 Cross-Rollup Bridge Orbiter Finance Closes First Round of Funding

The Layer2 cross-rollup bridge Orbiter Finance announced that it has closed its first round of funding for an undisclosed amount with participation from Tiger Global, A&T Capital, Starkware, Cobo Ventures, Mask Network, etc. Vitalik Buterin has donated 16 ETH to the project. 

Orbiter says it currently supports 14 networks and 4 tokens ($ETH, $USDC, $USDT, $DAI), and that its contracts have been deployed on Goerli and will be released on the testnet soon. 

In addition, Orbiter will enter the second phase next and put more effort into the design of algorithm application and inter-chain scaling scheme, aiming to create a ZK Aggregated Middle-layer.

Source

Layer 2

Rollups

Cross-Chain

Fund Raising

Vitalik Buterin

Related News
LeverFi Receives $2 Million Investment from DWF Labs LeverFi Receives $2 Million Investment from DWF Labs
On-chain Derivatives Platform Avantis Raises $4M Led by Pantera Capital On-chain Derivatives Platform Avantis Raises $4M Led by Pantera Capital
Modularized Blockchain Fhenix Raises $7M Co-Led by Multicoin Capital and Collider Ventures Modularized Blockchain Fhenix Raises $7M Co-Led by Multicoin Capital and Collider Ventures
Coinbase Chief Legal Officer: Haven't Completely Ruled Out the Possibility of Base Token Coinbase Chief Legal Officer: Haven't Completely Ruled Out the Possibility of Base Token
Crypto Startup Mesh Closes $22 Million Series A Led by Money Forward Crypto Startup Mesh Closes $22 Million Series A Led by Money Forward
Latest News More More
Lookonchain: Curve Founder Michael Egorov Repays All Debt on Aave
Arbitrum Odyssey Restarts with GMX
SEC Delays Decision on Ark 21Shares Spot Bitcoin ETF
8 Hours Ago $BONE Price Breaks $0.90, Up 15.36% Over the Last 24 Hours
8 Hours Ago Modular Blockchain Network Celestia Initiates Genesis Airdrop of 60M $TIA Tokens
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open