According to Foresight News, Master Protocol, a multi-chain re-staking protocol, has successfully completed its angel and part of its seed round funding at a valuation of $25 million. The funding round saw participation from Cogitent Venture, Token Metrics, CSP DAO, and FounderHeads, among others. The exact amount raised in the funding round has not been disclosed.
Master Protocol focuses on the LSD market and deploys a multi-chain ecosystem, featuring LRT derivative issuance and native DeFi products. In the future, it plans to concentrate on the development of Bitcoin L2, Bitcoin sidechains, and other ecosystems. Additionally, it will initiate the Genesis NFT Pass event.
