ENSO receives $4.2 million in funding to launch blockchain platform to simplify smart contract interactions.

From Investing.com: 2024-06-25 08:27:57

ENSO, a blockchain infrastructure provider, secures $4.2 million in funding from reputable crypto VC funds. The investment will aid platform development, community expansion, and the launch of its L1 Cosmos-based blockchain. ENSO handled over $11 billion in on-chain settlements in 2023, supporting 35 projects in production, with plans to enhance infrastructure for DeFi and blockchain applications.

Participation in the funding round included Ideo Ventures, Hypersphere, and over 60 angel investors from various organizations. ENSO aims to simplify smart contract interactions for developers by abstracting complexities through a shared network state, streamlining blockchain integration processes, and enhancing accessibility. This innovative approach transforms blockchain interactions and garners support from institutional backers and angel investors.

Read more at Investing.com: ENSO secures $4.2 million in funding to launch intent-centric blockchain By Investing.com