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Top VCs Join EYWA's Seed Round Led by Curve's FounderRoad Town, British Virgin Islands, May 02, 2024 (GLOBE NEWSWIRE) -- EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed round alongside Big Brain Holdings, Marshland Capital, Mulana Capital and others. Michael Egorov says: "EYWA builds a very interesting solution — it’s not just your typical bridge. They solve the problem of liquidity fragmentation between chains by creatively composing Curve meta pools and the actual bridge. Having one liquidity pool working across multiple chains sounds like magic, and it is exciting to have Curve AMMs in the core of this magic." At the heart of this quest to make cross-chain magic a reality is CrossCurve — an innovative DEX conceived through EYWA and Curve's partnership. It facilitates low-slippage cross-chain swaps of various asset types, supported by Curve’s deep liquidity in the billions of dollars. CrossCurve supports the seamless transfer of multiple token types — from stablecoins to liquidity provider and liquid staking tokens. The overall goal is to reshape the DeFi landscape, make cross-chain transfers more intuitive and less painful, and create a one-stop-shop for traders. Major blockchains including Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism are now under one roof — with support lanned for more. Gaining momentum The fresh funding comes hot on the heels of EYWA winning the Start In Block competition at Paris Blockchain Week — and coming in first place. EYWA saw off competition from more than 800 Web3 startups with high potential, and pitched in front of hundreds of conference attendees on the master stage. The project is now advancing to the next round of the popular show Meet The Drapers, where aspiring entrepreneurs battle it out to win $1 million in funding from billionaire investor Tim Draper and a panel of guest judges. What's more, the EYWA Adventure Quest is underway — giving participants a chance to win a share of 50 million $EYWA. There are several ways of getting involved in this airdrop.
About EYWA You can follow EYWA on Twitter (X), Telegram, Discord, Medium and LinkedIn. For more information, please contact: Michael Egorov Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Faraj Abutalibov vc (at) eywa.fi |