Symbiotic completes $29 million Series A funding, led by Pantera Capital and Coinbase Ventures

PANews reported on April 23 that according to Cointelegraph, the cryptocurrency staking agreement Symbiotic completed a US$29 million Series A financing, led by Pantera Capital and Coinbase Ventures, and more than 100 institutions including Aave, Polygon and StarkWare and angel investors participated. Financing will be used to launch a "universal pledge framework" for blockchain security coordination layer. This framework allows any combination of cryptocurrencies (including L1/L2 chain assets) to participate in network verification. It has been adopted by 14 networks including Hyperlane, and is expected to be connected to 20 ecological projects.