Openverse Secures $8 Million in Series B Funding for Layer0 Value Internet

The blockchain infrastructure firm will use the funds to advance bridge-free cross-chain interoperability, RWA frameworks, and multi-chain native payment solutions.

212d ago

Summary

Openverse has raised $8 million in a strategic Series B round backed by Bright Capital, KC International, Innovation Engine, Go2Mars Labs, Becker Ventures, and Gaea Ventures. The company is building a Layer0 value internet designed to enable bridge-free cross-chain interoperability, real-world asset (RWA) standardization frameworks, multi-chain native payments, and Bitgold (BTG) value anchoring.

Terms & Concepts

Layer0: A foundational blockchain infrastructure layer aiming to connect multiple Layer1 and Layer2 networks, enabling interoperability and value transfer across chains.
Bridge-free Cross-chain Interoperability: A blockchain mechanism allowing direct interaction and value transfer between different chains without the need for intermediary bridge protocols.
RWA Standardization Framework: A set of blockchain-based protocols and standards for tokenizing and integrating real-world assets into digital ecosystems.