From Fortune Magazine:

Delegate Labs, the team behind security protocol Delegate, closed a $9 million seed round with backers including Electric Capital, Arca, Variant, and Arrington Capital. The funds will partially support their latest protocol, Clusters, which is a cross-chain, multi-wallet name service aimed at addressing crypto’s fragmentation issues.

Clusters aims to help users aggregate their assets in a single place, regardless of what chain they’re interacting from. The team has partnered with interoperability protocol LayerZero and utilized backend bridges to achieve this goal.

Delegate Labs’ first protocol, Delegate, was launched in 2022 and has connected over 180,000 wallets from retail users and institutions, holding $900 million worth of assets. Delegate focuses on protecting on-chain assets by linking cold and hot wallets.

Clusters, on the other hand, is user-profile focused, allowing users to “cluster” their addresses into one identity. This will make cross-chain interactions super simple and abstract away cumbersome wallet interactions.

Michael Arrington, founder of Arrington Capital, expressed excitement in supporting Delegate Labs on their journey to make cross-chain interactions simple and pave the way for the next wave of participants to the ownership economy.



Read more: After closing $9 million round, Delegate Labs announces Clusters, a service to connect crypto wallets across chains