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Polytope Labs builds Hyperbridge, a decentralized interoperability layer for secure transfer of crypto assets and data across various blockchains. The platform employs cryptographic proofs and smart contracts, enabling robust cross-chain communication. This directly addresses vulnerabilities and trust requirements of traditional multisig bridge solutions, tackling fragmentation within the blockchain ecosystem.
Founded by Seun Lanlege and David Salami, Polytope Labs emerged from deep understanding of blockchain's persistent interoperability issues. Lanlege, a former Polkadot open-source contributor, and Salami, a skilled blockchain protocol engineer, identified the critical need for a truly trustless mechanism to connect disparate networks, moving beyond current bridge limitations.
Hyperbridge serves blockchain projects and developers needing robust cross-chain capabilities across networks like Ethereum, Base, and Avalanche. Polytope Labs aims to foster a unified blockchain environment where value and information flow freely and globally. The company envisions establishing essential infrastructure for a truly interconnected multichain future.
Polytope has 1 tracked investment across 1 company. The latest tracked deal is $3.3M Seed in LEWK in January 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 15, 2022 | LEWK | $3.3M Seed | GBV Capital, Impossible Finance | 721 DAO, Adroa Capital, Athena Ventures, AVA Capital, Cipholio, Contango Digital Assets, Dext Force Ventures, Dweb3, Exnetwork Capital, J8 Ventures, Moon INC, Vendetta Capital, XT.com Labs |