Binance Labs, the venture capital side of worldwide crypto trade Binance, worked with a $60-million capital financing raise for cross-chain switch convention Multichain. Other notable members included Sequoia China, IDG Capital and Three Arrows Capital.
In addition to financial support, Binance announced that Multichain will be officially recommended for as a tool to bridge bToken across chains through Binance Smart Contract, praising Multichain ad one of the biggest routers on BSC.
MultiChain is an extended open source fork of Bitcoin. It can be used to launch custom blockchains, both private and public and is easy to configure. It offers a well-selected set of features and enhancements targeted at enterprise and business users.
In the midst of Multichain’s corporate rebrand from AnySwap last week, logical evaluations put the convention’s all out esteem above $5 billion and revealed more than 300,000 clients on the stage. The funds raised will be used across different domains, including research and development of crypto algorithms, audits, security and general ecosystem development.
BSC expressed high praise of Multichain, noting that it is “one of the biggest routers on BSC.” Zhaojun, a co-founder of Multichain, stated that the protocol connects “more public blockchains and crypto assets than anyone else, with lower transaction fees, shorter bridging time and higher security levels.”
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