Swim-Protocol-raises-a-400-million-seed-round.jpg.webp Swim Protocol Raises $4 Million Seed Round, Continues Its Mission to Become a Major Cross-Chain Platform

Many of the industry's major exchanges and agreements participated in this funding round.

  • The swimming protocol will allow cross-trading between chains while preserving the value of real assets.
  • The $4 million raised will be used to recruit professionals and build Swim’s go-to-market approach.

Swim Protocol, a multi-chain AMM bridge that allows cross-chain asset exchanges between significant chains, closed a $4 million seed round of funding.

As the planet of decentralized finance (DeFi) becomes increasingly decentralized on the blockchain, the birth of the Swim protocol brings a new cross-chain infrastructure suitable for a planet that is becoming more and more multi-chain.

The swim protocol plans to reduce the need for packaged resources by enabling customers to exchange local resources with other sources on any supported string on different chains such as Ether, BNB Chain and Solana.

This round was led by Pantera Capital and included key players such as FTX, Alameda Research, Coinbase Ventures, Solana Ventures, Jump Capital, Social Capital, IOSG Ventures, Rok Capital, GBV Capital, Mantis VC, Panony and Bonfida, among other key players in the game. In addition, the program has attracted several angel traders, such as Brandon Millman of Phantom Wallet, Dean Thomas of Polygon and Phillip Liu of Avalanche.

The closing of this round also marks the beginning of an exciting new chapter for Swim with the "backing" of major names in the field.

Paul Veradittakit, a partner at Pantera Capital, explains.

“Led by a strong staff from Alameda, FTX, Cosmos, Coinbase Ventures and Google, Swim has positioned itself as a bridge to improve the landscape by enabling cross-chain transactions under real assets. This is a pivotal moment for this technology as the DeFi room remains multi-chain and Swim’s technology is here to help meet that need. “

The funding obtained will help Swim Protocol recognize its long-term vision by accelerating the company's marketing and advertising methods in areas like marketing and advertising, community management and branding. Swim will also focus on recruiting experienced engineers and software program developers to continue to develop long-term quality solutions for the Protocol.

In the near to long term, the Swim protocol plans to launch stablecoin mining pools on Ether, the BNB chain and Solana, and even integrate further with other protocols to enable customers to trade any native asset from any Swim-backed chain. In the next few months, the staff also plans to start rolling out the Polygon, Terra and Avalanche networks.

Teddy Pornprinya, Head of Business Development at Swim Protocol, shares.

“Our vision for Swim is to create a fast, seamless experience that allows users to exchange local resources from one chain to another. To further develop the Swim network in a multi-chain ecosystem, we are always looking for ways to integrate with other protocols in the DeFi industry. “

On March 9, Swim held its Alpha launch, enabling customers to interact with the first features of the product. Shortly after, Swim launched additional mining pools, provided additional cross-chain bridge support for more assets, and issued a governance token called SWIM.

About Swimming

Swim is a cross-chain AMM for native assets, designed to make bridging as simple as possible. The Swim protocol eliminates the need for packaged assets by enabling customers to switch from native on 1 chain to native on any other supported chain.

Swim's answer minimizes the barriers customers encounter when conducting cross-chain transactions, resulting in accurate interoperability between different blockchain networks.

Note: This is sponsored material and Coinlive does not directly endorse any of the information contained in the overstatement and does not guarantee the veracity of the report. Readers must conduct their own personal exploration before making choices that affect themselves or their companies, and be prepared to consider taking responsibility for their personal choices. Overstatements should not be considered as investment assistance.

Swim-Protocol-raises-a-400-million-seed-round.jpg.webp Swim Protocol Raises $4 Million Seed Round, Continues Its Mission to Become a Major Cross-Chain Platform

Many of the industry's major exchanges and agreements participated in this funding round.

  • The swimming protocol will allow cross-trading between chains while preserving the value of real assets.
  • The $4 million raised will be used to recruit professionals and build Swim’s go-to-market approach.

Swim Protocol, a multi-chain AMM bridge that allows cross-chain asset exchanges between significant chains, closed a $4 million seed round of funding.

As the planet of decentralized finance (DeFi) becomes increasingly decentralized on the blockchain, the birth of the Swim protocol brings a new cross-chain infrastructure suitable for a planet that is becoming more and more multi-chain.

The swim protocol plans to reduce the need for packaged resources by enabling customers to exchange local resources with other sources on any supported string on different chains such as Ether, BNB Chain and Solana.

This round was led by Pantera Capital and included key players such as FTX, Alameda Research, Coinbase Ventures, Solana Ventures, Jump Capital, Social Capital, IOSG Ventures, Rok Capital, GBV Capital, Mantis VC, Panony and Bonfida, among other key players in the game. In addition, the program has attracted several angel traders, such as Brandon Millman of Phantom Wallet, Dean Thomas of Polygon and Phillip Liu of Avalanche.

The closing of this round also marks the beginning of an exciting new chapter for Swim with the "backing" of major names in the field.

Paul Veradittakit, a partner at Pantera Capital, explains.

“Led by a strong staff from Alameda, FTX, Cosmos, Coinbase Ventures and Google, Swim has positioned itself as a bridge to improve the landscape by enabling cross-chain transactions under real assets. This is a pivotal moment for this technology as the DeFi room remains multi-chain and Swim’s technology is here to help meet that need. “

The funding obtained will help Swim Protocol recognize its long-term vision by accelerating the company's marketing and advertising methods in areas like marketing and advertising, community management and branding. Swim will also focus on recruiting experienced engineers and software program developers to continue to develop long-term quality solutions for the Protocol.

In the near to long term, the Swim protocol plans to launch stablecoin mining pools on Ether, the BNB chain and Solana, and even integrate further with other protocols to enable customers to trade any native asset from any Swim-backed chain. In the next few months, the staff also plans to start rolling out the Polygon, Terra and Avalanche networks.

Teddy Pornprinya, Head of Business Development at Swim Protocol, shares.

“Our vision for Swim is to create a fast, seamless experience that allows users to exchange local resources from one chain to another. To further develop the Swim network in a multi-chain ecosystem, we are always looking for ways to integrate with other protocols in the DeFi industry. “

On March 9, Swim held its Alpha launch, enabling customers to interact with the first features of the product. Shortly after, Swim launched additional mining pools, provided additional cross-chain bridge support for more assets, and issued a governance token called SWIM.

About Swimming

Swim is a cross-chain AMM for native assets, designed to make bridging as simple as possible. The Swim protocol eliminates the need for packaged assets by enabling customers to switch from native on 1 chain to native on any other supported chain.

Swim's answer minimizes the barriers customers encounter when conducting cross-chain transactions, resulting in accurate interoperability between different blockchain networks.

Note: This is sponsored material and Coinlive does not directly endorse any of the information contained in the overstatement and does not guarantee the veracity of the report. Readers must conduct their own personal exploration before making choices that affect themselves or their companies, and be prepared to consider taking responsibility for their personal choices. Overstatements should not be considered as investment assistance.