{"id":406100,"date":"2022-02-15T16:00:14","date_gmt":"2022-02-15T13:00:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockchain-platform-axelar-establishes-unicorn-status-mainnet-launch-impending\/"},"modified":"2022-02-15T16:00:14","modified_gmt":"2022-02-15T13:00:14","slug":"blockchain-platform-axelar-establishes-unicorn-status-mainnet-launch-impending","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockchain-platform-axelar-establishes-unicorn-status-mainnet-launch-impending\/","title":{"rendered":"# Blockchain platform Axelar establishes unicorn status, mainnet launch impending"},"content":{"rendered":"

“# Blockchain platform Axelar establishes unicorn status, mainnet launch impending <\/strong>”
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The Axelar Network has announced the completion of a $35 million Series<\/a> B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others.<\/p>\n

The raise succeeds a previously undisclosed round led by the head of Crypto.com Capital, Bobby Bao, in late-November 2021, a nine-investor $25 million Series A raise led by Polychain Capital and participated i by Mike Novogratz\u2019s Galaxy Digital in mid-July 2021, in addition to two seed rounds across the year of 2020.<\/p>\n

Founded in early 2020 by inaugural team members at Algorand and esteemed MIT graduates, Axelar is an infrastructure protocol that fosters interoperable connectivity between blockchain platforms, decentralized app<\/a>lications (DApps) and associated functionalities.<\/p>\n

After securing mainnet integrations with a series of validators and leading blockchain platforms such as Ethereum, Avalanche, Polygon and Polkadot, in addition to the upcoming release of the Axelar SDK, developers will have the ability to build applications to become accessible across all networks within the Axelar system.<\/p>\n

In principle, this cross-chain technology<\/a> would provide expansive possibilities for both developers and users by increasing access to liquidity and user base while enabling seamless transition across networks.<\/p>\n

Cointelegraph reached out to Sergey Gorbunov, the CEO and co-founder of Axelar, for an exclusive insight into the specific strategies for capital deployment across the business in preparation for their upcoming mainnet release.<\/p>\n

He noted that the \u201cprimary focus is to provide universal interoperability with minimal risk,\u201d and that \u201cthe funds will be used to continue building the core network functionalities, and scaling integrations with more blockchains and applications.\u201d<\/p>\n

\u201cAxelar developers are also working to make the network easy to use so that developers on any blockchain can reach the deepest liquidity and broadest user base. With this in mind, we are dedicating resources to improving our APIs, SDKs and associated documentation.\u201d<\/p><\/blockquote>\n

In December 2021, Gorbunov contributed to a Cointelegraph experts opinion piece\u00a0and spoke\u00a0proficiently on concerns that the DeFi industry is becoming over-reliant on centralized interoperability bridges, a culturally relevant topic that raises justified questions over bona fide decentralization in the space.<\/p>\n

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@Cointelegraph<\/a> piece on taking crypto mainstream: <\/p>\n

“We\u2019re going to witness the development of singular, universal infrastructures that help blockchain ecosystems achieve true interoperability, taking the industry a step closer to mainstream adoption.”https:\/\/t.co\/qDP75HPqqa pic.twitter.com\/VlFFKBC0Xd<\/a><\/p>\n

\u2014 Axelar Network (@axelarcore) December 24, 2021<\/a><\/p><\/blockquote>\n