Skate, Enables users to interact with applications from any VM while staying on their favorite VM, Raises $1M Oversubscribed Community Round

March 24, 2025

Skate has completed an oversubscribed community funding round, securing over $1 million through the decentralized fundraising platform Legion. A total of 592 participants contributed to the round, marking a significant expansion of Skate’s supporter base as it continues to develop infrastructure aimed at improving blockchain interoperability.

The protocol focuses on bridging virtual machines (VMs) across different blockchain networks, aiming to enhance connectivity between decentralized ecosystems. By enabling communication across multiple environments, Skate seeks to address challenges associated with cross-chain compatibility. The newly acquired funds will be used to strengthen the protocol’s technical framework, expand its network capabilities, and attract further developer participation.

About Skate

Skate is a blockchain interoperability protocol designed to connect virtual machines (VMs) across various networks. By facilitating cross-chain communication, Skate enables decentralized applications to operate seamlessly across different blockchain environments. The protocol is developed to reduce fragmentation in the ecosystem and support a more interconnected decentralized infrastructure.

Website: https://www.skatechain.org/

X: @skate_chain

About Investor

Legion

Legion is a decentralized fundraising platform that provides blockchain projects with an avenue for raising capital through community-driven investment rounds. The platform facilitates transparent and inclusive fundraising, helping early-stage ventures secure funding while engaging with their user base.

Location: Indianapolis, Indiana

Website: https://legion.cc/

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