The full-chain interoperability protocol Analog completes $16 million in financing, led by Tribe Capital

2024-02-13 10:19:56

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ChainCatcher news, according to The Block, the full-chain interoperability protocol Analog has completed a $16 million seed and strategic round of financing, led by Tribe Capital, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz's alternative asset management company Samara Asset Group, Balaji Srinivasan, and others.

Analog co-founder Victor Young stated that the financing was achieved through a Simple Agreement for Future Tokens (SAFT), and after the financing, Analog's fully diluted valuation reached $120 million.

It is reported that Analog is a blockchain interoperability project that is building cross-chain communication tools for interoperability across multiple blockchain networks. Its core products include the Timechain blockchain network based on the Rust language; a universal messaging protocol; a developer-focused product called Analog Watch; and the Timegraph SDK and API suite, allowing application builders to combine applications across multiple chains.

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