LI.FI completes $17.5 million round A financing led by CoinFund and Superscrypt
On March 31, the cross chain infrastructure agreement LI.FI announced the completion of a round A financing of $17.5 million, with CoinFund and Superscrypt jointly leading the inve
On March 31, the cross chain infrastructure agreement LI.FI announced the completion of a round A financing of $17.5 million, with CoinFund and Superscrypt jointly leading the investment, Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participating in the investment. The new funds raised in this round will be used to promote LI.FI in more fields such as blockchain, DEX, and cross chain bridges, while enhancing the company’s strong sales Business development, marketing, and other capabilities to support token and order flow transactions.
Cross chain infrastructure agreement LI.FI completed US $17.5 million Round A financing
LI.FI, the cross-chain infrastructure agreement, announced on March 31 the completion of a round A financing of $17.5 million. CoinFund and Superscrypt jointly led the investment, while Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participated in the investment. The new funds raised in this round will be used to promote LI.FI in more fields such as blockchain, DEX, and cross-chain bridges, while enhancing the company’s strong sales business development, marketing, and other capabilities to support token and order flow transactions.
What is LI.FI and how does it work?
LI.FI is a cross-chain infrastructure agreement that allows different blockchains to communicate with each other. This interoperability is achieved through smart contracts that act as intermediaries between different chains. LI.FI’s goal is to create a unified infrastructure for the blockchain industry, enabling seamless transfer of assets and data across different chains.
The LI.FI network is built on the Polkadot protocol, a next-generation blockchain protocol that allows connectivity between different chains. LI.FI uses its own proprietary technology, called Light Bridges, to connect different chains while ensuring high levels of security and performance.
Why is cross-chain interoperability important?
The blockchain ecosystem is highly fragmented, with different chains operating in isolation from each other. This fragmented ecosystem has led to siloed data and assets, making it difficult for users to fully leverage the benefits of blockchain technology.
Cross-chain interoperability enables different chains to work together, creating a unified ecosystem that is more efficient, scalable, and useful. This interoperability unlocks the potential of decentralized finance (DeFi) by enabling users to seamlessly move assets across different chains and protocols.
How does LI.FI promote cross-chain interoperability?
LI.FI promotes cross-chain interoperability by providing a unified infrastructure for blockchain networks. Through its smart contracts and Light Bridges technology, LI.FI enables seamless transfer of assets and data between different chains.
LI.FI also provides a range of tools and services to developers and users, such as API integrations and liquidity pools. These tools make it easier for developers to build cross-chain DApps, while providing users with a seamless and familiar experience across different chains.
What does the future hold for LI.FI?
With the completion of this round of financing, LI.FI is well-positioned to continue its mission of promoting cross-chain interoperability. The funds raised will enable LI.FI to expand its reach into new fields such as blockchain, DEX, and cross-chain bridges, while enhancing its sales, business development, marketing, and other capabilities.
LI.FI’s vision is to become a key infrastructure provider for the blockchain industry, enabling seamless transfer of assets and data across different chains. The company is well on its way to achieving this goal, with a growing user base and a strong ecosystem of partners and supporters.
Conclusion
LI.FI’s completion of its $17.5 million round A financing is a significant milestone for the company and the blockchain industry as a whole. This investment will enable LI.FI to continue its mission of promoting cross-chain interoperability and becoming a key infrastructure provider for the blockchain ecosystem.
Through its Light Bridges technology and smart contracts, LI.FI is helping to create a unified and seamless blockchain ecosystem, unlocking the full potential of decentralized finance and enabling users to fully leverage the benefits of blockchain technology.
FAQs
1. What is LI.FI?
– LI.FI is a cross-chain infrastructure agreement that enables different blockchains to communicate with each other.
2. What is cross-chain interoperability?
– Cross-chain interoperability is the ability of different blockchain networks to work together, creating a unified ecosystem that is more efficient, scalable, and useful.
3. What is LI.FI’s vision?
– LI.FI’s vision is to become a key infrastructure provider for the blockchain industry, enabling seamless transfer of assets and data across different chains.
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