Cosmic Wire Raises $30M in Seed Round Led by Solana Foundation and Polygon

Web3 Technology Firm Becomes First Cross-Chain Funded Company, Accelerating the Development of Decentralized Applications

Key Takeaways:

  • Cosmic Wire has completed a $30 million Series Seed round, led by Solana Foundation and Polygon.
  • The funding establishes Cosmic Wire as the first cross-chain funded Web3 company.
  • The firm has been selected for Google Cloud’s upcoming Web3 startup program.

A New Milestone in Web3 Innovation

Cosmic Wire, a leading technology firm specializing in Web3 and blockchain solutions, has successfully raised $30 million in its Series Seed round. Led by Solana Foundation and Polygon, the funding solidifies Cosmic Wire as the first cross-chain funded Web3 company. The raised capital will accelerate the development and rollout of Cosmic Wire’s decentralized applications that form the backbone of the modern Web3 ecosystem.

Enhancing Interoperability Across Blockchains

By employing cross-chain technology, Cosmic Wire is set to enable smooth data transfer and interoperability across various blockchains. The funding will further the company’s mission to create a decentralized, transparent, and secure digital Web3 ecosystem, empowering users to have sovereign control over their data and online interactions.

Partnering with Solana Foundation

Johnny Lee, General Manager of Games, Entertainment, and Media at Solana Foundation, expressed his excitement for Cosmic Wire’s Web3 infrastructure to be built on the Solana network. Their metaverse SDK solutions are expected to significantly reduce development times of high-fidelity, 3D, browser-based metaverse experiences.

Recognition from Google Cloud

In addition to its funding milestone, Cosmic Wire has been chosen as a participant in Google Cloud’s highly anticipated Web3 startup program. Through this program, Cosmic Wire will gain access to a suite of resources, including Google Cloud credits, entry into Google’s Web3 ecosystem, and several other benefits, further cementing its leadership in the next generation of blockchain and immersive technology.

Founding and Future Plans

Cosmic Wire, founded and led by CEO Jerad Finck, offers pioneering solutions designed to meet the evolving needs of the Web3 landscape. With the support from its partners and investors, Cosmic Wire is primed to expand its global presence. Finck shared his gratitude for the support and emphasized the company’s commitment to connecting creators, businesses, and industries globally, revolutionizing the way they communicate and transact.

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