Auto Added by WPeMatico

Bifrost Raises $600,000 in Seed Funding Round

Bitfrost, a self-described “cross-chain network that provides liquidity for staking,” that’s “developed based on Substrate and the Polkadot network,” has just raised $600,000 in a seed funding round, according to a press release from the group. The goal for this project is to focus on DeFi basic protocols, and “aims to solve the liquidity of proof of stake tokens,” the release continues. That’s the reason they’ve attracted such attention is they’re looking to be one of the driving forces in the decentralized finance space. Bifrost shared a statement on the matter, reading: “Investors participating in this round of financing are…

Continue Reading Bifrost Raises $600,000 in Seed Funding Round

End of content

No more pages to load