By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    MinexPay: Pay with crypto instantly anywhere! The easiest and fastest way to make everyday purchases with Crypto debit card!
    2 years ago
    July 1, 2019 Webhits.io Is To Launch A Beta Platform With WEB Token Integration
    July 1, 2019 Webhits.io Is To Launch A Beta Platform With WEB Token Integration
    2 years ago
    Valuart Launches Auction of NFT Derived From Banksy’s ‘Spike’
    3 years ago
    Latest News
    Psy Protocol Testnet Combines Internet Scale and Speed with Bitcoin-Level Security
    11 hours ago
    Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
    14 hours ago
    Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life
    18 hours ago
    Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Mad Money Casino Review: Over 4500 Slots & Live Dealer
    Mad Money Casino Review: Over 4500 Slots & Live Dealer
    3 years ago
    Real Money Casino Regulated in The UK Winstonbet
    Real Money Casino Regulated in The UK Winstonbet
    7 months ago
    5 benefits of using Melbet’s application
    5 benefits of using Melbet’s application for mobile betting
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    4 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    4 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    4 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    4 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot
Press Releases

Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot

Chainwire
Last updated: 27/08/2025 10:39 PM
Chainwire
1 year ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game
SHARE

Boston, Massachusetts, September 11th, 2024, Chainwire

Hyperbridge sets a new benchmark for secure, scalable, and verifiable cross-chain communication, launching with the highest economic security in the market.

The Web3 Foundation, in partnership with Scytale Digital, has led the seed funding round for Hyperbridge, a groundbreaking protocol poised to transform blockchain interoperability. This investment marks a significant milestone as the Web3 Foundation’s inaugural funding initiative, highlighting Hyperbridge’s critical role in the rapidly expanding Web3 ecosystem.

Hyperbridge is emerging as a leader in the rapidly evolving sector, with its industry-leading cross-chain technology already being used by teams like Succinct, Axelar, Union, and Avail. The protocol has also already secured a parachain slot within the Polkadot ecosystem, reinforcing its deep integration and commitment to leveraging Polkadot’s unique strengths. In addition, Hyperbridge’s crowd loan raised an impressive $2.7 million, making it the most successful parachain crowd loan in the Polkadot ecosystem, a testament to its strong community support and technological promise.

- Advertisement -

“Hyperbridge represents a significant step towards a cross-chain future, embodying the highest standards of security, scalability, and innovation,” said Fabian Gompf, CEO of Web3 Foundation. “By building on Polkadot’s robust framework, Hyperbridge empowers the ecosystem with verifiable, unstoppable interoperability, setting a new benchmark for secure cross-chain solutions.”

Hyperbridge is more than a simple asset bridge, it is a cryptoeconomic co-processor that combines advanced zero-knowledge technology and mechanistic protocols to deliver the most secure and verifiable cross-chain messaging and storage query solution available today. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains. The platform’s innovative architecture, built on Polkadot, allows it to offer unmatched security and scalability, positioning it at the forefront of cross-chain solutions.

Security is at the core of the Hyperbridge design, with audits conducted by the same team responsible for Polkadot. As the industry grapples with insecure multisig bridges, Hyperbridge’s zk light clients for Polkadot and Ethereum offer a secure, verifiable alternative. By consolidating multiple connections into a unified, reliable network, Hyperbridge aims to be the leader in verifiable, cross-chain communication and interoperability.

“Hyperbridge represents the next evolution in secure cross-chain interoperability.” Said Mark Cachia, CIO of Scytale Digital, “Seun’s deep expertise and innovative approach ensure that Hyperbridge addresses the critical security flaws of traditional bridges and sets a new standard for verifiable and unstoppable interoperability. This investment aligns perfectly with our vision of a fully interconnected web3 ecosystem, and we’re proud to support a project with such transformative potential.”

Exclusively built on Polkadot, Hyperbridge inherits the network’s unparalleled economic security, giving it the highest level of economic security for any bridge available today. Polkadot’s design, optimized for high interoperability, fast-finality, and affordable compute through agile coretime, provides the perfect foundation for Hyperbridge’s rollup architecture. This close integration allows Hyperbridge to offer cross-chain messaging and storage queries to developers from day one, setting new standards for secure, scalable, and efficient interoperability.

Seun Lanlege, Founder of Polytope Labs, the developers of Hyperbridge, shared, “Bridges are only as secure as their authentication mechanisms. Traditional bridges that rely on multisig committees for authentication have seen over $2B lost to exploits. Hyperbridge disintermediates these middlemen by relying on finality and storage proofs for cross-chain message authentication, providing a level of security equivalent to the blockchains it connects.”

Hyperbridge unlocks a wide array of use cases, including verifiable cross-chain intents, non-custodial native bridges for unified liquidity, and multichain expansion for stablecoins, RWAs, and DAO tokens. It also opens up possibilities for advanced cryptoeconomic coprocessors, such as state coprocessors for TWAPs and on-chain insurance protocols, as well as zk aggregation coprocessors. These innovations set Hyperbridge apart, offering developers the tools to create new financial and decentralized applications that were previously impossible.

About Hyperbridge

- Advertisement -

Hyperbridge is a cryptoeconomic coprocessor for secure, verifiable interoperability powered by consensus and storage proofs. Hyperbridge is the HTTPS of blockchain interoperability, providing developers with onchain and off-chain SDKs for securely sending cross-chain messages (POST requests) and reading on-chain storage (GET requests).

Website, Twitter

About Polytope Labs

- Advertisement -

Polytope Labs is a collective of researchers and engineers founded by core developers of Ethereum, Polkadot, and IBC. We’re focused on addressing fundamental infrastructure problems that continue to hold back the crypto industry, such as interoperability, scalability, and privacy. They firmly believe that Web3 is the next evolutionary step of the internet, and they are fully committed to advancing truly decentralized technologies.

Website, Twitter

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

Contact

Jonathan Duran
Distractive
jonathan@distractive.xyz

Psy Protocol Testnet Combines Internet Scale and Speed with Bitcoin-Level Security
Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life
Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
SimpleFX Relaunches First Deposit Bonus
Share This Article
Facebook Email Print
Previous Article 20 Best Bitcoin & Crypto Blackjack Sites 20 Best Bitcoin & Crypto Blackjack Sites
Next Article Unite and Aethir Team Up to Enhance Cloud Infrastructure for Web3 Mobile Game Developers Unite and Aethir Team Up to Enhance Cloud Infrastructure for Web3 Mobile Game Developers
9 Best Prop Firms in Sweden For Traders 2025
9 Best Prop Firms in Sweden For Traders 2025
Prop Firm
10 Best Prop Firms In Israel for Traders 2025
10 Best Prop Firms In Israel for Traders 2025
Prop Firm
10 Best Prop Firms In South Africa for Funded Traders
10 Best Prop Firms In South Africa for Funded Traders
Prop Firm
10 Best Prop Firms in Jordan – Top Funded Trading Opportunities
10 Best Prop Firms in Jordan – Top Funded Trading Opportunities
Prop Firm

Latest Published

TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households

2 days ago

BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution

2 days ago

1inch rebrands to reflect broader mission uniting DeFi and global finance

2 days ago

The Sandbox CEO Robby Yung Unveils Vision with New AI, Web3, and Mobile Initiatives

2 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?