Units.Network has completed a funding round of $10 million led by Nimbus Capital. This investment will enhance the network's infrastructure and improve asset cross-connectivity.
Investment and Development Plans
The successful funding round will allow Units.Network to improve its infrastructure, specifically increasing validator capacity and cross-chain liquidity.
The $10 million secured will be used to further develop the blockchain's ecosystem. Key developments include launching an AI Launchpad and AI Liquidity Manager, aimed at lowering barriers for innovators and improving market dynamics.
Implications for the Blockchain Ecosystem
The integration of AI within blockchain infrastructure marks a significant shift towards making on-chain utility practical. This will benefit both developers and traders engaged across markets.
Financial improvements are expected to impact Units.Network's ecosystem and various blockchain assets integrated through new primitives. Potential implications of this funding might lead to enhancements in related cryptocurrency ecosystems like Waves Protocol.
Quote from Founder Sasha Ivanov
Sasha Ivanov, Founder of Units.Network, said, "This investment allows us to place practical artificial intelligence at the centre of our ecosystem. The Launchpad lowers barriers for innovators, and the liquidity manager will create fairer and more efficient markets for builders and traders."
The funding from Nimbus Capital marks an important milestone for Units.Network, opening up prospects for improving the integration of AI and blockchain technologies.
