Home Crypto Anoma Foundation raises $25 million in funding

Anoma Foundation raises $25 million in funding

by John Biggs

Anoma Foundation, a crypto infrastructure firm, has raised $25 million in a funding round led by venture capital firm CMCC Global. The funds will be used to expand the company’s infrastructure and support its growing user base. Anoma Foundation provides a decentralized infrastructure for blockchain-based applications, allowing developers to build and deploy decentralized applications (dApps) on its platform. The company’s infrastructure is designed to be scalable, secure, and interoperable, making it an attractive option for developers looking to build decentralized applications.

From Coindesk:

The Anoma Foundation is the Swiss non-profit that oversees Anoma, a full-stack architecture that helps developers build decentralized applications, and Namada, a layer 1 blockchain that allows for private transactions in which each party in the transaction can individually choose which asset they want to send or receive. Potential use cases for the Anoma architecture include decentralized exchanges (DEXs) and decentralized finance (DeFi) applications.

The funding round is a significant milestone for Anoma Foundation, as it will allow the company to expand its infrastructure and support its growing user base. The growth of decentralized applications has been a major trend in the blockchain industry in recent years, as developers look to build applications that are more secure, transparent, and decentralized than traditional applications. Anoma Foundation’s platform is well-positioned to capitalize on this trend, providing a scalable and interoperable infrastructure for developers to build on. Overall, the funding round is a positive development for Anoma Foundation and the broader blockchain industry.

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