TechFlow News — Executives from Sei Labs, the development company behind the blockchain Sei, said Thursday that Sei Labs is preparing Nitro, a blockchain compatible with the Solana Virtual Machine (SVM), to serve as a gateway between Solana and Cosmos. It will allow developers to deploy existing Solana smart contracts, which users can access via Phantom and other common Solana wallets.
Previously, Sei Labs raised $5 million in funding in August from supporters including Multicoin Capital, Delphi Digital, and Coinbase Ventures.
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