Bridge Network raises $3.8M with support from FTX Ventures to create better cross-Chain experiences

Bridge Network, a cross chain communication protocol, closed its $3.8M funding round, with support from FTX Ventures and MEXC Global.

This protocol has been in development over a year. It aims to revolutionize how users transact in multichain with a focus on security and user experience. The cross-chain superdapp offers all the tools that a user may need to transact across-chain without needing to switch between platforms. Token bridging, NFT bridging, cross-chain swaps & more can all be done via the Bridge Network platform. TDeFi, along with a number of strategic partners and investors, is responsible for incubating the project.

Co-founder of Bridge Network, Kimberly Adams says, “The cross-chain space is still relatively new which means we have a long way left to go; from better security design to more optimized user experiences. Bridge Network aims to provide a safer, more user-friendly, and more friendly experience to both token issuers and end-users who are looking to move to multichain.

Security is the elephant. Security was the most important issue in recent hacks. Existing cross-chain protocols made it difficult to secure market demand. I’m pleased to say Bridge Network is one of the first bridges to implement a double validation system along with the other standard security measures while working with security partners to be proactive on this front.

Our cross-chain user input database is one of the largest in the world. Our testnet collected over 283,000 qualitative points which allowed our designers build a crosschain experience backed with research. We’ve only scratched the surface on what we have in store and I’m excited to push the boundaries of cross-chain innovation with our incredible team and partners.”

Bridge Network is among the first bridging infrastructures to enable token issuers go multichain. In layman’s terms, this means if an existing project launched their token or NFT on a blockchain like Ethereum, but would prefer to make it available on avalanche, the token issuer can permissionless add their token to the Bridge Network platform in under 1 minute for users to start bridging.

Favour Uzoaru, Co-founder of Bridge Network noted, “ While this is simple in context, the ability for tokens to easily go multichain solves the builders’ dilemma. Builders can develop their project on any of the blockchains they prefer, and their assets will be available on any other blockchain as their users require.

I’m especially excited to see this in the game-fi space as games may opt to build on their own blockchains while users leverage the in-game assets out of its ecosystem to be more productive on other blockchains.”

Bridge Network’s token launch is right around the corner with its mainnet intended to launch in early Q2 2022 supporting EVM blockchains and later non-EVM chains.

 

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