According to BlockBeats, Enso, a chain abstraction intent engine, announced on June 25th that it has successfully raised $4.2 million in funding. The funding round was led by Ideo Ventures and Hypersphere, with participation from over 60 angel investors.

The newly acquired funds will be utilized for the launch of a Cosmos-based L1 blockchain this year and for ongoing product development. This significant financial boost will enable Enso to further its technological advancements and continue its growth in the blockchain industry.