Cosmic Wire, a provider of Web3 technologies, has secured a $30 million Seed investment round. The Solana Foundation and Polygon led this round of funding, making Cosmic Wire the first Web3 startup to receive cross-chain funding.

Cosmic Wire intends to use the investment to hasten the development of a more decentralised, transparent, and safe digital Web3 ecosystem, with a focus on privacy and user empowerment. Giving users sovereign authority over their data and digital interactions is their ultimate objective.

Cosmic Wire’s dedication to bridging the global creative, commercial, and industrial divide through the development of ground-breaking Web3 solutions that improve efficiency and scalability is reaffirmed by this lucrative fundraising round.

In addition, Cosmic Wire has been chosen to take part in the future Web3 startup programme from Google Cloud. Their leadership in the upcoming blockchain and immersive technologies is now firmly established thanks to this acknowledgment.

Cosmic Wire will receive a variety of free benefits from the programme, including unmatched entrée into Google’s Web3 ecosystem, large Google Cloud credits for a two-year term, and exclusive access to custom resources.

The centralised Web2 content generation and exchange will be put to the test by Cosmic Wire’s platform-independent, scalable, and extensible blockchain technology, which will enable seamless collaboration and integration across the internet.

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