KaJ Labs Raises $400M to Build a Cross-chain App Platform

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Startup KaJ Labs has recently closed a $400 million seed funding round with participation from Global Emerging Markets Digital, Four Capital and other investors.

The volume of capital raised was the second largest this year at this funding stage.

According to the company, the funds will be used to develop the Lithosphere cross-chain application platform.

The participants of the investment round have received the right to subscribe to LITHO tokens. The asset is available on the MEXC exchange paired with the stablecoin USDT.

The team has formed resources to expand the platform’s toolkit and its implementation worldwide.

Lithospere solutions, in particular, are already used by the Jot Art Metaverse project. The developers launched Finesse RPG game with P2E elements. At the initial stage, NFTs are supported on the Ethereum and BNB Chain networks.

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