In a recent token sale led by Paradigm, Across Protocol raised $41 million. The project aims to unify Ethereum by providing fast and affordable interoperability solutions.
Details of the Token Sale
Across Protocol raised $41 million in a round of ACX token sales led by Paradigm. The funding was secured in two phases: the first in Q2 2024 and the second in Q4 2024. The total capital raised has reached $51 million.
Who Invested in Across Protocol?
Besides Paradigm, the token sale included investors such as Bain Capital Crypto, Coinbase Ventures, Multicoin Capital, and angel investor Sina Habinian. Risk Labs, the foundation behind Across and UMA, has not disclosed the sale price of ACX tokens.
Role of Across Protocol in the Ethereum Ecosystem
Across Protocol is an intents-based interoperability protocol that allows users to initiate cross-chain transactions through a single request. The project recently focused on addressing Ethereum's fragmentation and has been involved in developing the ERC-7683 standard.
Across Protocol is advancing the development of interoperable solutions and the ERC-7683 standard, strengthening its role in creating a unified Ethereum network capable of supporting seamless user movement across chains.
