Today the Wormhole Foundation announced it raised $225 million at a $2.5 billion valuation. Backers include Brevan Howard, Coinbase Ventures, Jump Trading and numerous others. Jump Crypto founded Wormhole for cross chain interoperability – it supports more than 30 public blockchains. Earlier this month Bloomberg reported that several senior Wormhole staff left Jump to run Wormhole independently. Now we know why.
To date, Wormhole has transferred more than $35 billion and two million cross-chain messages. The messaging platform uses a network of 19 validators as Guardians.
Typical of web3 structures, the foundation also announced the launch of Wormhole Labs as an independent technology company.
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