TechFlow News, Dymension, a modular blockchain in the Cosmos ecosystem focused on settlement layer, has raised $6.7 million in a seed funding round led by Big Brain Holdings and Stratos, with participation from Matchbox DAO and Shalom Meckenzie of DraftKings.
Dymension co-founder and CEO Yishay Harel began raising funds for this round in May last year and closed it by the end of the year amid the broader cryptocurrency market collapse. He declined to disclose the valuation.
Dymension also announced that its public testnet will launch on February 15. Harel said an incentivized testnet will go live in the second quarter, followed by the mainnet launch in the third quarter of this year. Currently, nine employees are working at Dymension, and Harel plans to expand the team in the near future.
Dymension also plans to raise additional funds before the mainnet launch, targeting approximately $20 million.Original link
