TechFlow reports, according to Coindesk, that the shared sequencer network Astria has announced a successful $12.5 million funding round. The round was co-led by dba and Placeholder VC, with participation from RockawayX, Maven11, 1kx, Bankless Ventures, Figment Capital, Batu, as well as angel investors Yuki, DCBuilder, Hasu, Will Price, and Jason Yanowitz. The new funds will primarily be used to further develop the Astria sequencing layer and Astria Stack, advancing its growth and innovation in blockchain technology.
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