Led by Polychain Capital, Nomad has raised $22m in seed a round, putting the blockchain security firm at a valuation of $225m. Investors includes: 1kx, Ethereal, Hack VC, Circle Ventures, and others.
Nomad is a novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.
Therefore, developers can securely build cross-chain applications (or xApps) and bridge assets between chains with the platform
“Our goal with Nomad is to provide a security-first interoperability solution that can be deployed today.”. – Nomad
And according to the team, the capital raised will be used to grow the team, increase awareness of the company, and bring security-first interoperability to more ecosystems.
So, here are the goals of the team for the next six months:
- Deploy to many more chains
- Grow the team (currently 13 members)
- Improve awareness and mindshare
- Progressively decentralize the system
In conclusion, if you will like to learn more about Nomad and how to be a Madlad, please join their communities using the links below.
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