The fundraise comes as 'cross-chain' protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.
” coming to market and more layer-1 blockchains going live, Socket sees itself as an important player in connecting these fragmented ecosystems, allowing chains to communicate with each other,
according to the team. By providing a method to bridge assets, users are able to transact easier across multiple networks, theoretically making the experience feel like operating on one blockchain.
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