ChainCatcher news, according to Coindesk, the blockchain interoperability project Union Labs plans to integrate with the decentralized service AggLayer launched by Polygon Labs. The integration will deepen the connection between the Polygon and Cosmos blockchain ecosystems and their Inter-Blockchain Communication protocol (IBC).It is reported that this integration will release greater liquidity access and liquidity between the chains connected by AggLayer and the IBC-supported chains, ensuring a trustless, efficient, and low-latency process.

ChainCatcher news, according to The Block, blockchain interoperability developer Union Labs has completed a $4 million seed round financing, with participation from venture capital firms Galileo, Semantic Ventures, Tioga Capital, Nascent, Lightshift, and Chorus One. The funds will be used for hiring and scaling. Union Labs aims to develop a zero-knowledge proof-based cross-chain bridge.