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Kinetix Network, a decentralized cross-chain trading platform, announced the completion of a seven-digit strategic financing round, led by Factor and Gnosis Chain
2023-11-16 00:16
Odaily News The decentralized cross-chain trading platform Kinetix Network announced the completion of a seven-digit strategic financing round led by Factor and Gnosis Chain. It is reported that this round of financing is for Kinetix to develop on Gnosis Chain. According to the team: “This partnership empowers Kinetex to improve its pioneering trading methods for transferring liquidity between networks without storing assets in pools, and leverage zero-knowledge technology to enable verification without relying on third parties. ..Kinetex plans to launch its public testnet on Gnosis Chain early next year. The expected three-month testing phase is aimed at identifying vulnerabilities and improving the user experience. (Coindesk)