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Coinbase Ventures backs cross-chain infra Router Protocol
A startup that has built a decentralized exchange as well as a cross-chain infrastructure to facilitate communication across layer 1 and layer 2 blockchain solutions is the latest to receive backing from Coinbase Ventures. Singapore-headquartered Router Protocol said on Friday it has raised $4.1 million in a strategic funding round from Coinbase Ventures, Alameda Research, Polygon, Woodstock, Wami Capital, QCP, De-Fi Capital, Maple Block, TeraSurge Capital, Wintermute and Shima Capital, as well as several entrepreneurs. As these layer 1 projects gain traction, they are able to attract the developer community that builds layer 2 solutions atop of their preferred blockchain.
