Anyswap Gets $60 Million Fund Raise with Binance Labs

Binance Labs has led a $60 million funding round for Anyswap, which has rebranded to Multichain.

Anyswap’s Big Money Boost

Anyswap, now Multichain, has successfully raised $60 million in a funding round led by Binance Labs – the venture capital wing of Binance. Multichain provides connecting infrastructure between numerous independent blockchains including Ethereum, Binance Smart Chain, Avalanche and Moonriver.

Binance has now partnered with the market leader in cross-chain infrastructure, helping it to cement its position and multichain technology becomes ever more important.

“Multichain now is the cross-chain infrastructure that connects more public blockchains and crypto assets than anyone else, with lower transaction fees, shorter bridging time, and higher security levels. Aligning with our plan to improve Web3, Multichain will integrate NFT Cross-Chain Bridge and our new anyCall solution for arbitrary cross-chain contract calls, supporting innovative NFT and DeFi DApps in cross-chain ecosystems. We will remain on the frontline of cross-chain research,” said Zhaojun, the Co-founder of Multichain. 

According to the Binance press release on December 21, the Multichain partnership will also be good news for Binance Smart Chain which will support the company as a recommended bridge.

Other than Binance Labs further investors in the project include Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures and HashKey.

(Source)

What is AnySwap?

Anyswap is a fully decentralized cross chain swap protocol, based on Fusion DCRM technology, with automated pricing and liquidity system. Anyswap is a decentralized application running on the Fusion , Binance Smart Chain , Ethereum and Fantom blockchains. The first application from Anyswap is a DEX (Decentralized Exchange), which is called anyswap.exchange. This is the User Guide for the DEX.

Where to Find Anyswap:

Website | Twitter | Telegram | Listing Form

Source : bsc.news

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