Owlto Finance, an intent-centered cross-chain interoperability protocol, announced the completion of a US$8 million strategic round of financing. Bixin Ventures and CE Innovation Capital jointly led the investment, Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO , Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher, etc. participated in the investment.
This round of financing will be mainly used to accelerate its AI-intended cross-chain product upgrades, modular cross-chain interoperability protocol development, global operations and marketing, full-chain liquidity solution V2, capitalized market operations, etc.
It is reported that Owlto Finance was initially launched as an ETH Layer2 cross-chain bridge. About half a year after its launch, it accounted for more than 75% of third-party cross-chain volume in some ETH Layer2 networks. Recently, Owlto Finance has also expanded into the Bitcoin ecosystem.
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