Across Protocol has successfully raised $41 million in a token sale for its ACX token, with funding led by Paradigm. Other major investors, including Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital, also participated in the round.
The funds will enhance Ethereum interoperability and expand Across Protocol’s role in bridging Web2 and Web3 technologies.
Across Protocol has established itself as a key player in crypto bridging, focusing on intent-based interoperability. By streamlining transactions across blockchain networks, the platform enables faster and more efficient asset transfers. The new funding will help develop more scalable solutions, making cross-chain interactions smoother and more cost-effective for users and developers.
The Role of the ACX Token
The ACX token plays a crucial role in the Across ecosystem. It is designed to support governance, staking, and incentives within the protocol. The recent token sale not only provides financial backing for Across Protocol’s expansion but also strengthens the token’s position within the Ethereum-based interoperability framework.
With Ethereum at the center of blockchain innovation, projects like Across Protocol are vital in ensuring seamless communication between different blockchain networks. The funding will accelerate the development of new tools, making it easier for developers and users to navigate Web3 without facing high costs or delays.