Subspace Labs Closed $32.9 Million in Financing Led by Pantera Capital

TokenInsight news, Subspace Labs, developer of the storage and compute network Subspace Network, closed a $32.9 million round of funding led by Pantera Capital with participation from Coinbase Ventures, Crypto.com, Alameda Research and others. The funds raised will be used to scale the protocol engineering team, build a new product team, and deepen integration with blockchain projects, including Polkadot, Kusama, and Ethereum. Subspace is a eco-friendly, scalable Layer1 blockchain that aims to serve as an infrastructure layer for the entire Web3 ecosystem. From NFT based gaming and metaverses to cross-chain applications, Subspace brings smart storage at Internet scale.