Reading time: ~2 m
Startup KaJ Labs closed a seed round of funding for $ 400 million with the participation of Global Emerging Markets Digital, Four Capital and other investors.
The amount of capital raised was the second largest in 2022 at this stage of financing.
The funds will be used to develop the Lithosphere cross-chain application platform.
Participants of the investment round received the right to subscribe to LITHO tokens. The asset is available on the MEXC exchange paired with USDT.
The team has formed resources to expand the platform’s toolkit and implement it worldwide.
Lithospere solutions, in particular, are already used by the Jot Art Metaverse project. Developers have launched an RPG-game Finesse with elements P2E. Initially, NFT is supported on the Ethereum and BNB Chain networks. In the future, it is planned to expand this list.
The KaJ Labs team has set itself the goal of ensuring compatibility dapps in all existing blockchains.
Litosphere uses deep neural networks for the intelligent use of smart contracts. Interoperability allows the use of several methods of transferring value within a single management structure.
Recall that in May, the Polkadot team launched the XCM messaging system, which allows communication between different doctors.
Previously focused on the interoperability of blockchains, the Connext project introduced the native next token and announced the creation of the DAO.
#KaJ #Labs #raised #million #develop #crosschain #application #platform