According to TechFlow, on November 7, Coindesk reported that the Layer1 public chain Cytonic announced the completion of a $8.3 million seed round of financing, led by Lemniscap and Lattice.

It is reported that the Cytonic blockchain was developed by MultiVM Labs and is the first Layer-1 that uses shared storage to run multiple VMs within the same network layer. It aims to solve the blockchain compatibility problem and is compatible with most blockchains such as Bitcoin, Ethereum and Solana.