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Polychain Capital leads Anoma Network’s $26M raise
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Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money.
Anoma Network will use the proceeds to advance its proof-of-stake blockchain, which has been designed to facilitate private transactions using “asset-agnostic bartering.” Bartering refers to the exchange of goods and services for other goods and services without money as the intermediary.
In the case of Anoma, traders have the ability to convert assets without the need for a base currency. (In traditional exchange markets, the base currency is the first currency in a currency pair and denotes how many of the quote
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