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ChainPort Raised $14M in Private & Public Rounds to Expand its Cross-Chain Bridge

ChainPort is proud to announce that our PORTX token public and private round has closed with overwhelming interest from the crypto community. The amount of interest received proves that security and interoperability are game-changer in the crypto-space. ChainPort is the only custodial full interoperability blockchain bridge. With ChainPort services, you can quickly, easily, and securely port from one chain to another within 3 minutes, all done through a simple UI without any technical integration.

ChainPort raised over $14M in private and public rounds, led by DAO Maker, Shima capital, and LD Capital. The early investors in the project include more than 50 top-leading blockchain-focused VCs. Investors include ZBS Capital, Master Ventures, Double Peak, Halvings Cap, Metrix Capital, Fundamental Labs, Tribe Capital, Poolz, Kairon Labs, Maven Capital, Lucid Blue, CoinX, Ghaf Capital, Existential capital, and others.

“Being oversubscribed from the beginning, especially in the current climate, was a clear sign that at ChainPort, we are doing things differently and accurately finding solutions to all the main complicated issues of blockchain bridges today.” Said Erez Ben Kiki, ChainPort’s CEO. 

ChainPort is one of the top 10 bridges in the space with a porting volume of over $610,000,000, and more than 190 tokens are actively using ChainPort and growing every day. Interoperability is paramount for all projects looking to be blockchain agnostic with the added benefit of extra volume from all the chains we support like Avalanche, Polygon, and BNB Chain.

We are grateful for the support of our partners who joined us on our journey. We see the enormous potential and rising demand for crypto interoperability and ChainPort as a leading player in this space.

With this funding, ChainPort will execute its plans and roadmap faster, planning to support stablecoins, NFTs, more Blockchains, EVMs, and Non-EVMs, and enhance the security in our path to be one of the biggest and most trusted bridges in the crypto space. 

About ChainPort 

ChainPort is a next-gen cross chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.

Security is always paramount for ChainPort, and 95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.

ChainPort is a permissionless bridge that is already porting more than 191 tokens between blockchains, with additional projects joining daily. Porting is done in just minutes through a friendly and straightforward UI without the need for any technical integration. 

Since its launch in 2021, Chainport has managed 40,000 ports and $610,000,000 in volume. Learn more by visiting ChainPort.io or reading our documentation. 

About Dcentralab

Dcentralab was founded in 2017 to create an ecosystem of on-chain products designed to accelerate blockchain mass adoption. To date, we’ve developed four different products, including ChainPort and TokensFarm. These products produce value, increase transparency, and lead the decentralized revolution. ChainPort is a next-gen blockchain bridge that provides custodian-level security with full interoperability. TokensFarm offers easy-to-deploy cross-chain farms for projects and a yield farming one-stop shop for crypto holders.

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