## Cytonic Raises $8.3 Million to Revolutionize Blockchain Interoperability
The world of blockchain is fragmented, with numerous chains operating independently, creating barriers for developers and users seeking to unlock the full potential of this transformative technology. Enter Cytonic, the world’s first multi-virtual-machine blockchain, which has just secured $8.3 million in seed funding to address this very challenge.
Led by Lattice and Lemniscap, with participation from prominent investors like IOBC, Nomura, Lyrik, Public Works, and Arthur Hayes, this funding round signifies a significant step forward in blockchain interoperability.
Bridging the Gap Between Blockchains
Developed by MultiVM Labs, Cytonic offers a unique solution by introducing a Layer 1 blockchain capable of running multiple virtual machines (VMs) within a single network layer, all while sharing storage. This innovative approach allows transactions involving diverse state transition functions (STFs) to be processed together within a single state transition, effectively breaking down the silos between various blockchain architectures.
Seamless Compatibility and Efficiency
Cytonic’s design is currently compatible with both Ethereum and Solana, meaning existing tools, wallets, and dApps that operate on EVM and SVM chains can seamlessly function on Cytonic. This fosters greater accessibility and user-friendliness by minimizing transaction fees and reducing waiting times for asset transfers between chains.
Furthermore, Cytonic enables users to swap assets across different VMs atomically without rollback issues or cross-chain vulnerabilities. Imagine swapping Base tokens (ERC20) for Solana tokens (SPL) within the same liquidity pool on a single decentralized exchange (DEX) – this is the kind of capital efficiency that Cytonic unlocks.
A Visionary Team Leading the Way
The Cytonic team, led by Founder Ivan Miskovic, brings together a wealth of experience in the decentralized technology space. Ivan, formerly an Executive at Spin Labs, recognized the critical need for a solution to streamline horizontal scaling and address liquidity management challenges, having witnessed the limitations of existing blockchain infrastructure.
He is joined by Chelsea, a former Partner at Foresight Ventures, and Badconfig, a former Senior Engineer at Faraway, each contributing their expertise to bring this groundbreaking technology to life.
Unlocking New Opportunities for Developers and Users
With its EVM and SVM compatibility, Cytonic empowers projects from any EVM or SVM chain to seamlessly migrate and access liquidity from different networks without the complexities of cross-chain operations or chain abstraction. This eliminates the need for developers to rewrite code, streamlining development and growth processes.
The unique strength of Cytonic lies in its ability to harness the unique strengths of different virtual machines while maintaining universal compatibility across the network. This not only simplifies the user experience but also reduces fragmentation, enhances ecosystem diversity, and paves the way for wider adoption of blockchain technology.
A Bold Vision for the Future of Web3
The future of blockchain is about interconnectedness and collaboration. Cytonic, with its revolutionary approach to interoperability, is poised to play a pivotal role in shaping this future. The $8.3 million seed funding round represents a significant validation of the company’s vision and a testament to its potential to revolutionize the Web3 landscape. As Cytonic continues to develop and grow, we can expect to see its impact on the blockchain ecosystem grow exponentially, unlocking new possibilities and empowering developers and users alike.
