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Binance bets millions on multi-chain future, Metaverse with new partnerships
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ambcrypto.comBinance Labs is the latest to bet on a multichain future. It’s in the news today after it announced that it led a $60 million financing round for Multichain, a cross-chain protocol.
Last week, Gravity Bridge enabled multichain transfer by allowing the movement of ERC-20 tokens between the Ethereum and Cosmos blockchains.
Multichain, formerly known as Anyswap, provides the infrastructure to interconnect blockchains like Ethereum, Binance Smart Chain, and Avalanche, among others.
According to Peter Huo, Investment Director at Binance Labs,
“Multichain is a key contributor to the multi-chain future for crypto. We are excited to deepen our partnership with Multichain and work closely with the team to build out our shared vision.”
The release also
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