January 12, 2025
Interstate, an Ethereum interoperability protocol, has received a strategic investment from Sergey Gorbunov, co-founder of Axelar. Axelar operates as a bridging protocol designed for secure cross-chain communication. This collaboration aims to address Ethereum’s interoperability challenges and improve its functionality across blockchain networks.
Interstate focuses on developing interoperability solutions to integrate Ethereum with other blockchain platforms. By addressing technical barriers, the protocol seeks to boost Ethereum’s operational efficiency and compatibility with external systems. The support from Sergey Gorbunov and Axelar emphasizes the shared objective of advancing blockchain connectivity.
About Interstate
Interstate is a protocol designed to improve Ethereum’s interoperability and operational efficiency. The project works to enhance Ethereum’s connectivity with other blockchain networks, aiming to address existing limitations in cross-chain communication.
Website: https://www.interstate.so/
X: @interstatefdn
About Investor
Sergey Gorbunov and Axelar
Sergey Gorbunov is the co-founder of Axelar, a protocol enabling secure cross-chain communication for decentralized applications. Axelar supports interoperability across blockchain ecosystems by providing solutions for easy data and asset transfers.
Location: Greater Boston
Website: https://www.axelar.network/
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