Symbiotic Raises $29 Million to Launch Universal Staking and Revolutionize Blockchain Coordination

Dubai-based blockchain startup Symbiotic has secured a $29 million Series A funding round to revolutionize the future of blockchain security. This investment comes from leading players in the industry, including Pantera Capital, Coinbase Ventures, and over 100 prominent figures from companies like Aave, Polygon, and StarkWare. The funding will fuel the development and integration of the Universal Staking Framework, aiming to transform staking from a single-network mechanism into a universal coordination layer.