According to Odaily, decentralized cross-chain asset management platform Mycel has announced the completion of its seed round funding on the X platform. The funding round saw participation from CV Labs, FLICKSHOT, gumi Cryptos Capital, Arriba Studio, double jump.tokyo Inc., Incubate Fund, Scott Moore, and Gavin Birch. The specific amount raised has not been disclosed.

Mycel aims to provide infrastructure for cross-chain settlements by utilizing transferable accounts (TA) to connect and synchronize state machines. This technology is designed to accelerate the optimization of token market prices.