TechFlow news — interoperability solution Nomad has raised a $22 million seed round led by Polychain, with participation from 1kx, Ethereal, Hack VC, Circle Ventures, Amber, Archetype, Lattice, A&T Capital, Hypersphere, Dialectic, Breyer Capital, Figment, LedgerPrime, Robot Ventures, Continue Capital, Wave Financial, Open Web Collective, and others. The company is now valued at $225 million.
According to reports, Nomad aims to deliver a security-first interoperability solution designed to reduce costs and enhance the security of cross-chain message transmission. Unlike validator-based cross-chain bridges, Nomad does not rely on numerous external parties to validate cross-chain communications. Instead, it leverages an optimistic mechanism that allows users to securely send messages and bridge assets, while ensuring that anyone monitoring the system can detect and flag fraud to protect the network.
