Binance Labs and CoinFund, two venture capital firms, led a $10 million seed investment round for Cosmos blockchain Neutron. The round also included participation from Delphi Ventures, LongHash, and Nomad, according to a statement from the business.
Cosmos Blockchain Neutron Announces Completion of $10 Million Funding Round
By coordinating with the Cosmos Hub and utilizing its high security, Neutron seeks to deliver cross-chain, smart contract applications for the Cosmos network of more than 50 connected, app-specific blockchains or appchains.
The market demand for appchains and L2s is growing rapidly and Neutron enables mission-critical tooling while also supporting Rust, the second-most popular smart contracting language in the world,
Alex Felix, Chief Investment Officer At CoinFund
According to the company, the funds will be used to assist the growth of the Neutron ecosystem and encourage the creation of additional dApps.
The Cosmos ecosystem has significant potential and, as its first consumer chain, Neutron is driving the development of secure, developer-friendly cross-chain infrastructure,
Yi He, Co-Founder Of Binance And Head Of Binance Labs
About Neutron
Neutron is basically built for writing smart contracts using CosmWasm, a computing environment within the Cosmos ecosystem. However, the Cosmos-based network also allows developers to use the Rust programming language.
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