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CDS Startups Webb Protocol Successfully Raises $7M in Seed Funding Round

Startups

Webb Protocol Successfully Raises $7M in Seed Funding Round

Webb Protocol, which developed a zero-knowledge infrastructure enabling confidential asset transfers across different blockchain networks, has secured $7 million in a seed funding round co-led by Polychain Capital and Lemniscap.

Aziz KARTAL09/05/20231 Mins read463

Webb Protocol Successfully Raises $7M in Seed Funding Round

Webb Protocol has secured $7 million in seed funding from investors Polychain Capital and Lemniscap.

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The money will be used to expand the team and accelerate the development of new tools that focus on privacy.

Webb Protocol has created a zero-knowledge infrastructure that allows for private cross-blockchain transfers of assets. This technology uses zero-knowledge proofs, a form of cryptography that can verify transactions mathematically.

Webb Protocol aims to become the new standard for privacy in cross-chain applications by covering all assets, data, and locations. In addition to its cross-chain bridge protocol, the startup also plans to create a messaging system that can test the data stored within the system. Despite the bear market, investments in zero-knowledge based infrastructure continue to thrive.

At Webb, we want to maximize the multi-chain ecosystem experience while upholding the highest standards of privacy.
founder and CEO Drew Stone

Our blockchain infrastructure and privacy protocols are designed to work seamlessly across different chains and applications.
founder and CEO Drew Stone

To examine Docs: docs.webb.tools

About Webb Protocol

Webb is a startup that has developed a zero-knowledge infrastructure for private cross-blockchain asset transfers. The company’s cross-chain bridge protocol aims to provide a new privacy standard for cross-chain applications by covering all assets, data, and locations.

To access more startup news and articles: cryptodataspace.com

Sources:CoinDesk

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Written by

Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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