Exclusive: Crypto startup LI.FI raises $29 million for cross-blockchain price discovery tool
PositiveFinancial Markets
- Crypto startup LI.FI has successfully raised $29 million to develop a cross-blockchain price discovery tool, aiming to enhance the efficiency of transactions across different blockchain networks. This funding round highlights the growing interest in solutions that facilitate interoperability in the crypto space.
- The capital raised will enable LI.FI to advance its technology, potentially positioning the company as a leader in the cross-chain market. This development is crucial as it addresses the increasing demand for seamless blockchain interactions, which are essential for the broader adoption of cryptocurrencies.
- This initiative reflects a broader trend in the cryptocurrency industry, where companies are increasingly focusing on technological advancements and ethical considerations. Similar to Bitfury's recent $1 billion initiative to invest in ethical tech and AI, LI.FI's efforts underscore the industry's shift towards responsible innovation and the importance of creating tools that enhance user experience across various blockchain platforms.
— via World Pulse Now AI Editorial System
