Bridge Network Raises USD 3.8M to Build Better Cross-chain Experiences with Backing from FTX Ventures

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Bridgetown, Barbados, 6th April, 2022, Chainwire

Bridge Network, a cross-chain communication protocol, has closed its USD 3.8M funding round with backing from FTX Ventures, MEXC Global, Master Ventures, Blockfinex, Croc Capital, and others. 

The protocol has been in development for over a year and has plans to revolutionize the way users transact in the multichain world with a key focus on user experience, security, and scalability. The cross-chain super-dapp provides all the tools a user might need to easily transact cross-chain without the need to switch between platforms. Token bridging, NFT bridging, cross-chain swaps & more can all be done via the Bridge Network platform. The project is incubated by TDeFi with a range of strategic partners, investors, and advisors.

Co-founder of Bridge Network, Kimberly Adams says, “The cross-chain space is still relatively new which means we have a long way left to go; from better security design to more optimized user experiences. Bridge Network intends to introduce a more comprehensive, secure, and friendly experience for both the end-user and as well as token issuers looking to go multichain. The elephant in the room is, of course, security. Most of the recent hacks were due to failure to follow basic security practices as existing cross-chain protocols compromised security for meeting market demand. I’m pleased to say Bridge Network is one of the first bridges to implement a double validation system along with the other standard security measures while working with security partners to be proactive on this front. On the user experience side, we have consolidated one of the largest databases of