Cross-Chain Infrastructure Socket Closed $5 Million Seed Round with Coinbase Ventures and Others

Cross-chain infrastructure Socket (formerly Movr Network) has closed a $5 million seed round led by Framework Ventures with participation from Coinbase Ventures, Lightspeed, eGirl Capital and others. This round of funding will be used to support Socket's expansion into a multi-chain ecosystem. The company has also just launched its new app, Bungee, aiming to solve a frequent user need of moving tokens between chains easily.