TechFlow news — According to The Block, Chainflip Labs, a cross-chain decentralized cryptocurrency exchange, has announced a $10 million funding round with participation from Framework Ventures, Blockchain Capital, and Pantera Capital, who acquired equity in the company. The valuation was not disclosed. Chainflip operates its own validator network and is currently running its own blockchain.
In August 2021, Chainflip previously raised $6 million through a private token sale led by Framework Ventures. The FLIP token will serve as collateral for protocol validators. However, the token has not yet been issued and only contractual agreements have been established with investors.
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