Nomad raises $22.4 million to address the growing need for more secure blockchain interoperability

Nomad announced that it has raised approximately $22.4 million in seed funding. The round was led by Polychain Capital, with additional investors including 1kx, Ethereal Ventures, hack.vc, Circle Ventures, Amber, Robot Ventures, Hypersphere, Figment, Dialectic, Archetype, LedgerPrime, and a host of angels. Nomad’s cross-chain messaging protocol tackles the growing need for more secure blockchain interoperability. Uniquely, Nomad leverages an optimistic mechanism that allows off-chain watchers to challenge cross-chain messages via fraud proofs. Unlike validator-based cross-chain … More →

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