Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability

Sept 23,2022
KingData News: Cryptography network Lit Protocol has raised $13 million in a Series A round led by crypto investment firm 1kx to hire developers creating a decentralized ownership and interoperability across protocols, the company announced Thursday. Investors: This round led by 1kx with participation from 6thManVentures, A Capital, Eniac Ventures, Figment, Filecoin, the LAO, Lattice Capital, OpenSea Ventures, Slow Ventures, Spaceship, Valhalla Ventures, Village Global, and others. Project Info: Lit aims to give individuals agency within Web3 ecosystems by giving users a private key that is interoperable across decentralized finance (DeFi), decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) on Ethereum Virtual Machine (EVM), Cosmos and Solana chains.
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