Owlto Finance, a leading intent-centric interoperability protocol, announced a successful strategic funding round of $8 million on May 8th. The round was led by Bixin Ventures and CE Innovation Capital , with participation from Hailstone Labs, Presto, Skyland Ventures, GSR, Blocore, Kroma, SNZ Capital and other prominent investors.
The raised capital will be utilized to accelerate Owlto's AI Intent Interoperability Protocol development. As the first to introduce AI Agent to achieve cross-chain intent interoperability, Olwto intends to eliminate the need for users to understand complex bridging processes or perform risky operations. Instead, it provides AI-generated bridging path suggestions from a trusted list of channels, enabling users to execute cross-chain operations seamlessly and without any barriers.
This shows Owlto Finance plays a crucial role in connecting fragmented blockchains in the Web3 space. It has already integrated with BTC, ETH, and Solana ecosystems and has strategic plans to expand its deployment on more diversified networks. In its thriving ecosystem, Owlto Finance has established partnerships with 92 well-known Web3 projects, including industry leaders such as Arbitrum, Linea, Starknet, Base, Binance Web3 Wallet, OKX Web3 Wallet, and Kroma, etc.
Featured “fast, safe, low-priced, easy to use”, Owlto is thus embraced by its community. “Cross-chain transactions can be completed as fast as 10 seconds, with over 90% of them processed within 30 seconds, while 0 incidents of stolen funds reported,” stated Owlto. Notably, it recently updated its website's UI design to enhance user experience and offers competitive pricing compared to other Web3 bridges.Currently, Owlto rewards users with points under the Owlto Points program.
Owlto declared that the Tokenomics Model, Airdrop plan, and listing strategies will be released in the near future and more details will be shared at the time. While the specifics of converting Owlto points to tokens and the percentage of tokens allocated for the Airdrop are yet to be revealed, the company has confirmed that a portion of the tokens will be airdropped to community users and partners who contributed to Owlto's growth and development.
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