TechFlow reports that Delegate Labs, the team behind the security protocol Delegate, has raised $9 million in seed funding from Electric Capital, Arca, Variant, and Arrington Capital.
The funding will support the development of Clusters, a Web3 domain protocol.
Earlier report: Ethereum infrastructure platform Delegate and cross-chain interoperability protocol LayerZero have jointly launched Clusters, a multi-chain domain service. Clusters aims to address issues such as address fragmentation, complex wallet management, and domain squatting. Clusters will support EVM networks, Solana, and Bitcoin, enabling users to maintain a unified identity across multiple chains and simplifying interactions with DApps.
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