Bridge Network Raises $3.8M in a Private Funding Round
Bridge Network, a cross-chain communication protocol, has closed its $3.8M funding round with backing from FTX Ventures, MEXC Global, Master Ventures, Blockfinex, Croc Capital, and others.
This round was conducted as a private token sale, at an average valuation of $29 million between its seed and private round.
The private token sale saw participation from a list of top-tiered crypto investors including FTX Ventures, MEXC Global, Grit Capital, Master Ventures, GDA Capital, Crypto Oasis, GRIT Capital, Abed Group, Cypher Capital, Block Theory, Fork Ventures, TDeFi, Croc Capital, Vulcan Forged among other notable investors.
This raise will accelerate the development of Bridge Network to build a better cross-chain experience for the multichain world.
Bridge Network is guided by a diverse team of software engineers, designers, and marketing experts all of which are crypto natives. With a strong team and support from our strategic investors, partners and advisors, Bridge Network will lead the way in the cross-chain space with a focus on security, scalability and user experience.
The bridge tool kit is made up of 6 main tools; an NFT bridge, a token bridge, a cross-chain trading platform, a cross-chain farming platform, a multi-chain explorer and a token wrapper for any existing token to go cross-chain.
Bridge Network’s mainnet is intended to launch in early Q2 2022 while their token launch is right around the corner. They would like to thank all of our backers and are looking forward to partnering with them to further advance the cross-chain space.
About Bridge Network
Bridge Network is building the first cross-chain super dApp to enable seamless transactions between blockchain ecosystems. The cross-chain protocol (CCP) aims to be a one-stop shop for all major cross-chain activities by providing the tools a user might need to transact in the multichain world.
⏩ SOURCE
