{"id":60029,"date":"2022-04-13T10:47:09","date_gmt":"2022-04-13T07:47:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60029"},"modified":"2025-09-05T01:08:33","modified_gmt":"2025-09-04T22:08:33","slug":"nomad-cross-chain-bridge-developers-raise-22m-in-seed-round","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nomad-cross-chain-bridge-developers-raise-22m-in-seed-round\/","title":{"rendered":"Nomad cross-chain bridge developers raise $22m in seed round"},"content":{"rendered":"<p>The team behind the cross\u2011chain bridge Nomad has closed a $22 million seed round at a $225 million valuation. It was led by Polychain Capital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">gm! We\u2019re excited to announce that we\u2019ve closed our $22M seed round led by <a href=\"https:\/\/twitter.com\/polychain?ref_src=twsrc%5Etfw\">@polychain<\/a>, and with participation from <a href=\"https:\/\/twitter.com\/1kxnetwork?ref_src=twsrc%5Etfw\">@1kxnetwork<\/a>, <a href=\"https:\/\/twitter.com\/etherealvc?ref_src=twsrc%5Etfw\">@etherealvc<\/a>, <a href=\"https:\/\/twitter.com\/hack_vc?ref_src=twsrc%5Etfw\">@hack_vc<\/a>, and many other amazing funds and angels!<a href=\"https:\/\/t.co\/rKmJaRDJhC\">https:\/\/t.co\/rKmJaRDJhC<\/a> <a href=\"https:\/\/t.co\/3y7998lwGx\">pic.twitter.com\/3y7998lwGx<\/a><\/p>\n<p>\u2014 Nomad (@nomadxyz_) <a href=\"https:\/\/twitter.com\/nomadxyz_\/status\/1513891049906872325?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Funding was also provided by 1kx, Ethereal, Hack VC, Circle Ventures, Amber, Archetype, Lattice, A&#038;T Capital, Hypersphere, Dialectic, Breyer Capital, Figment, LedgerPrime, Robot Ventures, Continue Capital, Wave Financial, Open Web Collective and other venture funds and angel investors.<\/p>\n<p>The proceeds will be used to add support for new networks, pursue marketing goals, strengthen the team, and gradually move toward decentralisation.<\/p>\n<p>Nomad currently operates on Ethereum, Moonbeam, and Milkomeda.<\/p>\n<p>The protocol uses fraud proofs, as in <a href=\"https:\/\/forklog.io\/smotrim-v-budushhee-s-optimism-kak-rollups-reshayut-problemu-masshtabirovaniya-ethereum\/\">Optimistic Rollup<\/a>. This has enabled a cross\u2011chain bridge with a lower trust level, easily deployed across ecosystems. The technology eliminates the need for <a href=\"https:\/\/forklog.io\/chto-takoe-multipodpis\/\">multisignatures<\/a>, validators, and oracles.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">2\/ Optimistic bridges usher in a new paradigm for cross-chain communications. No need to rely on multisigs, oracles, or validators to verify cross-chain messages. Our friends at <a href=\"https:\/\/twitter.com\/ConnextNetwork?ref_src=twsrc%5Etfw\">@connextnetwork<\/a> wrote more about this here: <a href=\"https:\/\/t.co\/HHtV2iwJQU\">https:\/\/t.co\/HHtV2iwJQU<\/a><\/p>\n<p>\u2014 Nomad (@nomadxyz_) <a href=\"https:\/\/twitter.com\/nomadxyz_\/status\/1513891052863819782?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nomad is compatible with zkSync 2.0. In February 2022, the Matter Labs team deployed the first <span data-descr=\"Ethereum Virtual Machine, Ethereum Virtual Machine\" class=\"old_tooltip\">EVM<\/span>-compatible second\u2011level solution based on ZK-Rollup technology on the Ethereum testnet.<\/p>\n<p>Earlier, CertiK, a startup focused on the security audit of smart contracts, forecast growth in the number of new attacker incidents, primarily related to <a href=\"https:\/\/forklog.com\/en\/news\/what-are-cross-chain-bridges\">cross\u2011chain bridges<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/what-are-flash-loans\">instant loans<\/a>.<\/p>\n<p>Since the start of 2022, the figure has reached <a href=\"https:\/\/forklog.com\/en\/news\/crypto-industry-losses-from-hacks-reach-1-22-billion-so-far-this-year\">$1.22 billion<\/a> as a result of incidents with <a href=\"https:\/\/forklog.com\/en\/news\/ronin-the-ethereum-sidechain-hacked-attacker-siphons-625-million\">Ronin Network<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-more-than-319-million-from-wormhole-cross-chain-bridge-pool\">Wormhole<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-80-million-from-defi-platform-qubit-finance-pool\">Qubit Finance<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/hacker-siphons-4-3-million-from-meter-cross-chain-bridge\">Meter<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the cross-chain bridge Nomad has closed a $22 million seed round at a $225 million valuation. It was led by Polychain Capital.<\/p>\n","protected":false},"author":1,"featured_media":60030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1210,1650],"class_list":["post-60029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cross-chain-protocols","tag-nomad"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=60029"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60029\/revisions"}],"predecessor-version":[{"id":60031,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60029\/revisions\/60031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60030"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}