Binance Labs and CoinFund spearheaded the $10 million funding round of Cosmos (ATOM)-based smart contract protocol Neutron.
Smart contract protocol operating in the Cosmos ecosystem neturonled by Binance Labs and CoinFund raised $10 million in seed funding round.
CoinFund, Neutron’s development of blockchain software will help and will stimulate growth for the ecosystem became a partner in funding.
Chief investment officer of CoinFund Alex Felix In a statement about the funding round, layer-2 (L-2) in the field to increasing market demand stated that they will respond significantly:
Market demand for application chains and L2s (Tier-2) is growing rapidly. However, Neutron enables mission-critical tools while also supporting Rust, the world’s second most popular smart contract language.
Neutron, which launched its mainnet last May, CosmWasmIt was designed to write smart contracts using Neutron is also the developer’s rust It also allows you to write code in a programming language.
Company on financing round to raise $10 million The counter did not disclose the valuation amount.
Binance Labs, Binance’s investment arm, announced today that it has selected 5 projects to invest in as part of its incubation program.