According to Foresight News, Stripchain, a chain abstraction interoperability protocol, has successfully raised $10 million in funding. The investment round was led by Sora Ventures, with participation from Hyperithm, Shima Capital, Hypersphere, Mechanism, and Ascending Assets. Angel investors Santiago Santos, Stephane Gosselin from Frontier Research, and Ryan Selkis from Messari also contributed to the funding round.
The raised funds will be used to further develop and expand the Stripchain protocol. The protocol aims to enhance the interoperability between different blockchain networks, thereby improving the overall efficiency and functionality of the blockchain ecosystem.
The investment signifies the growing interest and confidence in blockchain technology and its potential to revolutionize various sectors. The participation of prominent investors and firms in the funding round further underscores the potential of Stripchain and its technology.