WEB3
by BSCN
April 30, 2024
MH Ventures is a leading crypto VC and its role in securing Entangle as part of the Genesis Validator could prove pivotal.
MH Ventures has announced it will assist in securing omnichain-focused Entangle as part of the project’s official Genesis Validator.
The announcement is the first to come from the venture fund’s official validator services arm (known as MH Validator), which is expected to provide unprecedented value to its host of impressive portfolio companies.
Entangle is a leader amongst projects looking to facilitate a multi-chain future for the blockchain sector. Its infrastructure allows Web3 builders to create secure, transparent and interoperable data pathways, among various other functionalities.
The project’s mainnet went live just days ago, on April 26th, marking perhaps the its most significant milestone to-date. That said, equally exciting was Entangle’s most recent fundraising announcement, unveiled back in January 2024.
The announcement disclosed that the project had raised a full $4 million across its seed and private stage investment rounds. MH Ventures itself was a core constituent of the impressive cap table, which also included…
… among others.
‘MH Validator’ is the latest offering to emerge from industry-leading venture capital fund, MH Ventures. The platform was officially announced back in January 2024 and, having likely been building and developing over recent weeks, its participation in Entangle is MH Validator’s first announcement of the sort.
The launch of MH Validator saw the fund cross the threshold from providing hands-on support to the projects through network and advisory services, and into the world of technical value-adds, with the firm now able to help secure its portcos directly.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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