Crypto
Analog, the pioneers of blockchain interoperability Proof of Time protocol, has announced the completion of a $5M funding round supported by major venture capital firms. The raise, which brings Analog’s total funding to $21M, was concluded as it prepares to launch its public token sale.
Analog’s total raise, which encompasses its seed and subsequent funding rounds, signals investor confidence in its vision of enabling seamless cross-chain interaction and web3 data accessibility. Leading
investors including Tribe Capital, Balaji Srinivasan, Wintermute, and Mask Network participated. Originally incubated by Binance, Analog’s raise also attracted Foresight Ventures, Near Foundation, Contango Digital, Outliers Fund, GSR, NGC Ventures, and several angel investors.
The $21M in funding secured to date places Analog at a $300M FDV as it prepares to host its Token Generation Event (TGE). Analog is utilizing the private funding it has received to accelerate the development of its tech stack including its General Message Passing (GMP) protocol and developer-centric tools. These innovations provide the foundation for building omnichain decentralized applications that can seamlessly operate across multiple blockchains.
Analog operates as a universal interoperability solution for cross-chain applications. This enables developers to build and deploy powerful dapps that operate seamlessly across multiple chains. Support for EVM and Polkadot chains via the Analog SDK will soon be complemented by Solana and TON integration, simplifying the creation of novel omnichain applications.
Proof of Analog’s cross-chain capabilities can be seen in Zenswap, the decentralized exchange it’s created using its proprietary technology. The DEX allows assets to be swapped on multiple blockchains with USDC-based liquidity routing supporting networks such as TON, Solana, and Bitcoin.
Analog has already partnered with innovative projects such as Rarible, Pixelport, Zenswap, Belong Network, XYO, Meson Network, Dmail, and StationX, strengthening its position as a key player in blockchain infrastructure. Over 50 projects are now building or committed to building on its protocol, while its testnet has attracted more than 345,000 participating accounts, laying the groundwork for its mainnet deployment.
Analog’s unique infrastructure aims to resolve some of web3’s core pain points including fragmentation, inefficiencies, and limited cross-chain operability. The GMP protocol enables developers to design interoperable dapps that support functionalities such as omnichain DEX trading, NFT minting, and liquidity aggregation.
As the blockchain industry pivots toward multi-chain and omnichain ecosystems, Analog is positioned to lead this evolution with its scalable developer-friendly platform. Its approach not only enhances interoperability but also ensures robust security and efficiency, key requirements for onboarding institutions, developers, and end-users into the decentralized economy.
About Analog
Analog forms a secure, one-stop interoperability hub for multi-chain and cross-chain solutions. It enables developers to build and deploy dapps that seamlessly work across all chains. As a natively chain-agnostic protocol, Analog is primely positioned to streamline the multi-chain experience, allowing dapps and users to expand to new blockchain networks.
Learn more: https://www.analog.one/
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