Cross-chain interoperability protocol Owlto Finance completes $8 million strategic round of financing, led by Bixin Ventures and others

BlockBeats news, on May 8, according to official news, the intention-centered cross-chain interoperability protocol Owlto Finance announced the completion of a strategic round of financing of US$8 million. This round of financing was jointly led by Bixin Ventures and CE Innovation Capital, and Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher and other investors participated.

Owlto is a cross-chain bridge that started on ETH Layer2. It has grown into the top three cross-chain bridges in the Ethereum ecosystem only about half a year after its launch. It accounts for more than 75% of the third-party cross-chain volume in some ETH Layer2s, and has recently become the cross-chain bridge with the largest number of cross-chain transactions in the Bitcoin ecosystem. Owlto already has 1.6 million independent user addresses in more than 206 countries and regions. This round of financing will be mainly used to accelerate the upgrade of AI intention cross-chain products, modular cross-chain interoperability protocol development, global operations and marketing, full-chain liquidity solution V2, capitalization market operations, etc.

Bixin Ventures, the co-lead investor in this round, said: Owlto is a very innovative team. They were the first to propose to make an intention-centric AI cross-chain product. In the past, we have witnessed Owlto's rapid growth and thriving community. I believe that in the near future, Owlto will unleash its huge potential, become a leading infrastructure project, and revolutionize the field of Web3 technology. We are very happy to include Owlto in our portfolio and look forward to its success.