ChainSafe, an R&D firm specializing in blockchain and web3 infrastructure, has bagged $18.75m in a Series A funding round.
The round was led by Round13 and saw participation from NGC Ventures, Jsquare, Digital Finance Group, Sfermion, HashKey Capital and Fenbushi Capital.
Founded in 2017, ChainSafe has since become one of the leading multi-chain research and development firms.
One of the company’s flagship products is web3.unity, which is a software development kit for connecting unity games with the blockchain. Web3.unity is designed to reduce complexity and introduce a new level of ownership to gaming.
The firm’s cross-chain bridging technology has secured over $600 million in cross-chain token transfers, and this experience is being leveraged in a new cross-chain interoperability project where ChainSafe acts as the leading contributor.
According to ChainSafe, this investment will help the firm fuel the adoption and sustainable growth of the web3 ecosystem.
ChainSafe CEO and co-founder Aidan Hyman said, “ChainSafe was started with a vision that decentralized technologies could change the world. As time has progressed, the importance of our contributions has become increasingly clear. I’m proud of ChainSafe’s impact on the community, and with new partners joining our team, we are looking forward to accelerating the growth of the web3 ecosystem.”
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