Web3 Pioneer Analog Raises $16M in Funding for Revolutionary Cross-Chain Solutions
Blockchain interoperability platform Analog has raised $16 million in a funding round featuring investors such as Balaji Srinivasan, Tribe Capital, and Wintermute.
The funding will fuel Analog’s focus on cross-chain innovation within the Web3 space. The platform, anchored by its Timechain, employs the nominated proof-of-stake (NPoS) consensus mechanism and proof-of-time (PoT) protocol to facilitate seamless cross-chain interactions. Analog has also launched its Launch Partners Program, aiming to boost the visibility and market dominance of cross-chain initiatives.
Victor Young, Analog’s founder, expressed gratitude for the substantial investment, highlighting their commitment to breaking new ground in the blockchain landscape. The platform is gearing up for the Testnet launch of “The Watch and General Message Passing Protocol,” with a public incentivized Testnet scheduled for Q1 2024. Partnerships with Meson Network, Dmail, Mask Network, Stationx, and Belong further demonstrate Analog’s commitment to advancing cross-chain collaboration.
Clever Robot News Desk 13th February 2024