ENSO Network Completes $4.2 Million Funding Round

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As an experienced analyst with a deep understanding of the crypto and blockchain industry, I’m thrilled to see ENSO’s successful completion of its latest funding round. With $4.2 million in fresh capital secured from reputable VC firms like Ideo Ventures and Hypersphere, as well as a long list of angel investors, ENSO is poised to take the next step forward in its mission to transform blockchain interactions.

EXPERT: ENSO, the pioneering intent engine for chain abstraction within the Cosmos (ATOM) ecosystem, announces the successful conclusion of its recent funding round. New investments from trailblazers in the Cosmos community will support technological advancements and the introduction of the native L1 platform.

ENSO secures $4.2 million, Ideo Ventures, Hypersphere are onboard

As an analyst, I can tell you that the ENSO Network team announced the successful completion of their strategic funding round in an official statement. They managed to secure a total of $4.2 million from esteemed venture capital firms and accomplished angel investors.

ENSO Network Completes $4.2 Million Funding Round

In the recent funding round, notable Web3 venture capitalists like Ideo Ventures and Hypersphere participated, contributing significantly. Additionally, over sixty business angels hailing from esteemed firms such as Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, and Flashbots, among others, supported the team’s fundraising initiative.

Moreover, the protocol announces several achievements outlined in its report. With ENSO’s assistance, there have been over $11 billion worth of transactions settled on-chain during the last year. Currently, over 35 active projects utilize this technology.

According to Connor Howe, CEO of ENSO, this funding is crucial for the entire multi-chain sector and will significantly contribute to the next stage of DeFi’s evolution.

We’re delighted to announce that Ideo Ventures, Hypersphere, and a distinguished band of angel investors have chosen to back us as we move into our next stage of expansion. This investment serves as affirmation of our mission to revolutionize blockchain transactions and reflects the faith that major institutions and individual angels place in our groundbreaking technology.

“This financing boosts ENSO’s initiatives to enhance its infrastructure and broaden the reach of DeFi and blockchain projects through expanded capabilities.”

ENSO builds one-stop connectivity instrument for crypto

Beforehand, the ENSO Network team successfully secured investments from esteemed venture capital firms like Polychain Capital and Mechanism Capital.

ENSO acts as the interconnected foundation of the crypto sphere. It bridges all cryptocurrency ecosystems into a unified network, empowering app developers and users to define their desired outcomes as intentions. This facilitates the creation of adaptable applications without the need for manually constructing integrations.

Additionally, it stands out as a top player in the realm of blockchain infrastructure, facilitating smooth and safe transactions directly on the blockchain for Decentralized Finance (DeFi) and various blockchain projects.

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2024-06-25 16:09