Openverse Secures $8M in Series B to Advance Cross-Chain Interoperability and the “Internet of Value”
Openverse, a pioneering Layer 0 hub network, has successfully concluded an $8 million Series B funding round, bringing its total capital raised to an impressive $11 million. This significant investment is earmarked to accelerate its ambitious goal of constructing the “Internet of Value.” With a thriving community of over one million Odyssey users already engaged, Openverse is strategically positioning itself as indispensable core infrastructure for the seamless and open global transfer of digital value, aiming to unify fragmented blockchain ecosystems.
Pioneering a Foundational Framework for Digital Interconnectivity
Distinguishing itself from traditional Layer 1 blockchains that primarily govern their own distinct ecosystems, Openverse operates as a fundamental Layer 0 protocol. Its innovative architecture is specifically engineered to provide the essential infrastructure required to seamlessly connect diverse existing blockchains with one another, as well as integrate them with conventional internet systems. This foundational approach enables a truly open, protocol-based cross-chain system. The company’s overarching objective is both straightforward and profoundly ambitious: to simplify the complex process of transferring various digital assets, including digital tokens, Non-Fungible Tokens (NFTs), and even simple messages, across different blockchain networks. The ultimate aim is to make such transfers as intuitive and effortless as sending an email. The conceptual underpinnings of this transformative project trace back to Dr. Bright’s seminal 2014 publication, “The Public Currency Issuance Mechanism,” which originally articulated the principles guiding Openverse’s vision. This fresh capital infusion will be crucial in advancing the development and deployment of this vital cross-chain technology, fostering greater accessibility and efficiency in the burgeoning digital economy.
The successful $8 million Series B funding round underscores robust investor confidence in Openverse’s vision and its critical role in shaping the future of digital value exchange. By focusing on foundational Layer 0 infrastructure, Openverse is not merely facilitating cross-blockchain transactions but is actively building the essential framework for a truly interconnected “Internet of Value.” This strategic investment is poised to significantly propel Openverse’s mission forward, promising to unlock unprecedented levels of interoperability and simplify digital asset transfers for its expanding user base and the global digital landscape at large.
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