The asset cross-chain protocol TeleportDAO has completed a $2.5 million seed round financing, led by AppWorks and DefinanceX

ChainCatcher news, the cross-chain asset protocol TeleportDAO announced the completion of a $2.5 million seed round financing, led by AppWorks and DefinanceX, with participation from Quantstamp, Coinlist, Candaq Fintech Group, SNZ Holding Limited, and Gate Labs. The funds raised will be used for product development and team expansion.

According to the crypto data platform RootData, TeleportDAO was established in February 2022 and is a trustless and universal interoperability protocol that provides infrastructure for developers to build cross-chain applications. With it, users can move any data between blockchains, such as contract calls and other messages, or assets like tokens and NFTs. (source link)