Today, ENSO, the pioneering intent engine revolutionizing chain abstraction and focusing on intent, revealed the successful conclusion of a funding round exceeding $4.2 million. The capital will be allocated to continuous product development, with the objective of launching their L1 cosmos-based blockchain later this year.
Ideo Ventures, Hypersphere, and over 60 angel investors from Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and others took part in the round.
Over the past year, ENSO tooling has facilitated approximately $11 billion in on-chain settlements, supporting more than 35 active projects. With this funding, ENSO can further bolster its infrastructure capabilities and increase adoption of its blockchain and DeFi applications.
According to Connor Howe of ENSO:
ENSO serves as the crypto connectivity layer, linking all ecosystems into a unified network, allowing users and application developers to specify their desired outcomes as intents, and enabling the development of truly composable applications without the need for labor-intensive manual integrations.
ENSO Secures 42 Million Investment to Accelerate Product Development Efforts
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