Hassan Maishera
ENSO, the world's first intent engine powering chain abstraction, and intent-centric future, announced on Tuesday, June 25th, that it has raised $4.2 million in a funding round.
In a press release shared with Cryptowisser, ENSO said the funds would be used to further product development, with their L1 cosmos-based blockchain to be launched this year.
The funding round saw participation from Ideo Ventures, Hypersphere, and 60+ angels from Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many more.
ENSO tooling has processed over $11 billion in on-chain settlements over the last 12 months, serving more than 35 projects currently in production. The latest funding round will allow ENSO to expand its infrastructure capabilities and support further adoption across DeFi and blockchain applications.
While commenting on this latest development, Connor Howe of ENSO, said,
"We're thrilled to have the support of Ideo Ventures, Hypersphere, and an exceptional group of angels as we embark on our next phase of growth. This funding validates our vision to transform blockchain interactions and underscores the confidence in our technology from both institutional backers and the angels involved."
ENSO is the connectivity layer of crypto. The platform connects all ecosystems within one network, enabling application developers and users to express their desired outcome as an intent, allowing truly composable applications to be built without the necessity of building manual integrations
It is a leading provider in the blockchain infrastructure space, enabling efficient and secure on-chain transactions for DeFi and blockchain applications.
