TechFlow news, September 17 — According to Cointelegraph, decentralized clearing network Yellow Network has raised $10 million in a seed funding round led by Ripple co-founder Chris Larsen. Participants in the round include Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital, and LD Capital. Built on state channel technology, Yellow Network provides cross-chain solutions for digital asset markets, aiming to address liquidity fragmentation, scalability, and capital efficiency challenges in the cryptocurrency market. Larsen said the protocol is crucial for new market entrants, with its fast transaction execution and capital efficiency serving as a "game changer."
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