Multichain decentralized protocol attracted funding in the amount $60 million – Bits Media

Binance Cryptocurrency Exchange Venturen Unit took part in financing the decentralized Multichain protocol. The amount of funds raised was $60 million.

Earlier, the project was called Anyswap and was positioned as a decentralized exchange with support several blockchains. However, the developers decided to rename the project and now Multichain is moving as a “routing protocol between blockchains”.

In addition to Binance Labs, other large venture investors participated in the funding round., Including Sequoia China, IDG Capital, Three Arrows Capital, Primitive Ventures, DeFiance Capital, Circle Ventures, Hypersphere Ventures, HashKey и Magic Ventures.

Now the volume of funds blocked in the project exceeds $5 billion, and the number of users reaches 300 000. Multichain collected funds will be aimed at developing the project, The expansion of the team, as well as research work, ensuring safety and conducting system audits.

Previously reported, that the Binance Smart Chain Foundation will provide financing of the cryptocurrency gaming platform Crypto Gaming United for the development of the Play-to-Aarn meta-escape economy.