TechFlow reports that interoperability protocol Stripchain has secured $10 million in funding, led by Sora Ventures, with participation from Santiago Santos, Stephane Gosselin of Frontier Research, Ryan Selkis of Messari, and venture firms Hyperithm, Shima Capital, Hypersphere, Mechanism, and Ascensive Assets.
The startup enables developers to create commands known as "intents" for transferring data across different blockchains. Stripchain differentiates itself from other interoperability protocols through its focus on the transaction layer and the use of a Proof-of-Authority system. Currently in private testing, Stripchain's testnet is expected to launch within the coming months.
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