The cross-chain messaging protocol Glacis Labs has completed a $2.1 million seed round financing, led by Arrington Capital and Paper Ventures

2024-05-10 22:49:30

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ChainCatcher news, the cross-chain messaging protocol Glacis Labs announced the completion of a $2.1 million seed round financing on platform X, led by Arrington Capital and Paper Ventures, with participation from Bitscale Capital, Protagonist, Edessa Capital, as well as angel investors Collion Myers, Luke Youngblood.eth, and Steven Kokinos. Valuation information has not been disclosed.

According to the Web3 asset data platform RootData, Glacis is a protocol that enables developers to simplify, secure, and manage their cross-chain applications. Developers are shifting from single-chain deployments to multi-chain deployments to cover as many users as possible. By leveraging Glacis to aggregate cross-chain General Messaging Protocols (GMPs), such as Axelar, Wormhole, and LayerZero (commonly referred to as bridges), developers can define routing and security logic for their cross-chain applications.

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