TechFlow news — Orb Labs, a blockchain interoperability protocol, has announced the completion of a $4.5 million funding round led by Bain Capital Crypto, with participation from Shima Capital, 6th Man Ventures, Aves Lair, Newman Capital, Modular Capital, and SevenX Ventures.
Orb Labs plans to launch Earlybird, a cross-chain messaging protocol that allows developers to select the most effective security model for their applications based on use case, cost, and speed. The company is also developing another product called MagicLane—an efficient, secure, and composable omnichain token and message transfer platform built atop Earlybird. MagicLane provides developers with a shared security model, enabling easy adoption of Earlybird without complex security configurations.
Founded in 2022 by Richard Adjei and Felix Madutsa, both Princeton University graduates, Orb Labs aims to transform the inefficient state of current blockchain interoperability. Prioritizing efficiency and security, Orb Labs is building interoperability solutions for the blockchain ecosystem. Original link
