Web3 omni-chain interoperability platform Analog has achieved a funding milestone, raising $16 million to advance its data accessibility and cross-chain communication plans.
According to a press release seen by CryptoPotato, Analog intends to become a one-stop shop for blockchain interoperability in the web3 space.
Analog Raises $16M to Further Operations
The funding round involved participation from several crypto projects, venture capital firms, and angel investors, including NEAR, Mike Novogratz’s Samara Asset Group, Tribe Capital, Benqi Finance, Balaji Srinivasan, Orange DAO, Mask Network, Wintermute, Outliers Fund, Presto Labs, and Ocular Fund.
Analog said the idea behind its project stemmed from the lack of tools, education, and developer-focused infrastructure to aid the layer 1 and layer 2 ecosystems that would emerge in the future. The web3 firm is focused on building a suite of needed products and underlying technologies to remedy these shortcomings that would hinder the on
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