Blockchain interoperability protocol Orb Labs completes $4.5 million funding, led by Bain Capital Crypto

2023-02-14 20:37:28

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ChainCatcher news, the blockchain interoperability protocol Orb Labs announced the completion of a $4.5 million funding round, led by Bain Capital Crypto, with participation from Shima Capital, 6th Man Ventures, Aves Lair, Newman Capital, Modular Capital, and SevenX Ventures.

Orb Labs plans to launch the cross-chain messaging protocol Earlybird, allowing developers to choose the most effective security model for their applications based on factors such as use case, cost, and speed. Orb Labs is also developing another product, MagicLane, which is an efficient, secure, and composable full-chain token and messaging platform built on Earlybird, providing developers with a shared security model that allows easy use of Earlybird without the need for complex security configurations. (source link)

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