Provider Polymer Labs Closed $3.6 Million Seed Round Led by Coinbase Ventures and Others

TokenInsight news, Polymer Labs, a cross-chain infrastructure provider, has closed a $3.6 million seed round led by Distributed Global and North Island Ventures, with participation from Digital Currency Group, Coinbase Ventures, Tendermint and others. The funds raised will be used to extend the Cosmos ecosystem's IBC protocol and build a unified standard for cross-chain communication. Polymer Labs is building Polymer, a secure and reliable IBC (inter-blockchain communication) infrastructure protocol, which will provide e2e IBC connectivity across the ecosystem.