.BinanceLabs and coinfund_io co-led a $10 million funding round for Neutron_org, provider of a secure smart contract developer platform for the cosmoshub. BrandyBetz reports
Binance Labs, the venture capital and incubation arm of crypto exchange Binance, has taken the lead in a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem.
Neutron, which had its mainnet launch in May, is a cross-chain smart contract platform that uses the Cosmos ecosystem’s interchain security feature, Replicated Security . Developers can use Neutron to build smart contracts and decentralized applications in a cost-effective and secure environment, the firm said in the statement.
“Neutron was designed to solve the three main hurdles faced by smart-contract developers in Cosmos: lack of security, lack of credible neutrality and lack of access to cross-chain infrastructure," said Neutron founding contributor Avril Dutheil in an emailed statement to CoinDesk.
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