Bybit-Backed Memecoin Launchpad Printr Secures $4.5 Million Funding
Printr raises $4.5 million to develop a cross-chain token platform, enabling meme tokens to launch across multiple blockchains including Ethereum, Solana, and BNB Chain using Axelar and LayerZero protocols.
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Summary
Printr, a memecoin launchpad developed under Bybit’s Venture Studio, has raised $4.5 million in funding to support its cross-chain platform. The project aims to resolve liquidity fragmentation and enable the creation of tokens on multiple blockchains like Base, BNB Chain, Ethereum, Mantle, and Solana, using Axelar and LayerZero protocols.
Terms & Concepts
- Cross-chain: A blockchain interoperability feature allowing assets and data to move between different blockchain networks.
- Memecoin: A cryptocurrency inspired by internet memes, often launched for community engagement rather than technical innovation.
- Launchpad: A platform that helps new cryptocurrency projects raise capital and gain exposure before their public launch.