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CryptoIntelligence 2025-01-28 16:33:55

Analog Concludes $21 Million Fundraising Round Ahead of Public Token Sale

Analog, a pioneer in blockchain interoperability with its Proof of Time protocol, has successfully raised $5 million in its latest funding round, bringing its total funding to $21 million. This milestone comes as the company gears up for its public token sale. The funding, which spans Analog’s seed and subsequent rounds, underscores investor confidence in its vision of enabling seamless cross-chain interaction and accessible web3 data. Key investors include Tribe Capital, Balaji Srinivasan, Wintermute, and Mask Network. The raise also attracted support from Binance-incubated ventures, Foresight Ventures, Near Foundation, Contango Digital, GSR, NGC Ventures, and various angel investors. With $21 million raised, Analog is now valued at a $300 million Fully Diluted Valuation (FDV) ahead of its Token Generation Event (TGE). The funds will accelerate the development of its General Message Passing (GMP) protocol and developer tools, designed to enable omnichain decentralized applications that operate seamlessly across multiple blockchains. Analog’s interoperability solutions simplify dapp creation for EVM and Polkadot chains, with upcoming support for Solana and TON. Its flagship product, Zenswap, a decentralized exchange, showcases its cross-chain technology by enabling asset swaps across blockchains with USDC-based liquidity routing. The company has partnered with notable projects such as Rarible, Pixelport, Zenswap, Belong Network, XYO, and others. Over 50 projects are currently building on Analog’s protocol, and its testnet has attracted more than 345,000 accounts in anticipation of the mainnet launch. By addressing web3 challenges like fragmentation and inefficiencies, Analog is positioned to lead the transition toward a multi-chain future. Its scalable, developer-friendly platform enhances interoperability while ensuring security and efficiency, setting the stage for widespread adoption across institutions, developers, and end-users.