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Tendermint, Blockchain interoperability project manages to mince $9 million in a Series A funding round led by technology-focused venture capital firm Paradigm.
Tendermint announced the news on Thursday, stating the other participants included Bain Capital and 1confirmation, among others. Focussed at supporting the firm’s continued development of the Cosmos Network and expanding its team and making its business model “sustainable.”
Tendermint launched Cosmos Hub just a day before the funding was announced. The Cosmos Hub is a blockchain designed to improve interoperability between a number of other blockchains. After nearly three years of planning and development, Cosmos Hub is the firm’s first in a series of proof-of-stake (PoS) blockchains. Jae Kwon, CEO of Tendermint and contributor...
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