Symbiotic Secures $29 Million for Universal Coordination Layer

Blockchain startup Symbiotic has closed a successful Series A funding round of $29 million, marking a significant step forward in developing a universal coordination layer for blockchain technology. This initiative aims to enhance interoperability among various blockchain networks and streamline processes across disparate systems. The investment will enable Symbiotic to challenge existing solutions like Eigenlayer and reshape how blockchain coordination operates. The project promises to deliver more efficient and interconnected blockchain applications, prompting excitement from both investors and industry experts.