Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. On the other hand, the funds raised from the investment round will be dedicated to hiring new people for key teams in Multichain, including its security audit, service and crypto algorithm research teams. With this new investment, Multichain and Binance Smart Chain(BSC) will form an alliance, and BSC will recommend Multichain as the right bridge to use by those who want to move their digital assets across blockchains.
On Multichain’s part, its cofounder, Zhaojun, reiterated the protocol’s commitment to developing more cross-chain infrastructure connecting more public blockchain and mentioned its plans to integrate the NFT Cross-Chain bridge and an圜all solution. The Head of Investments at Binance Labs, Bill Chin, further added that Binance Labs supports Multichain because it invests in disruptive innovations capable of shaping the crypto landscape. Thus, Binance is more than happy to collaborate with the team and build a shared vision. In the press release from Binance Labs, the investment director, Peter Huo, said that Multichain is an important contributor to the future of multi-chain on the blockchain. With over $5 billion total value locked, the protocol currently has more than 300,000 users. Multichain, formerly known as Anyswap, is an infrastructure developer for various blockchains, including Binance Smart Chain (BSC), Avalanche, and Ethereum.
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