BlockBeats News, November 7th, Layer-1 blockchain Cytonic announced the completion of an $8.3 million seed round, led by Lemniscap and Lattice.
According to the team: "Cytonic, developed by MultiVM Labs, is the first Layer-1 blockchain to run multiple Virtual Machines (VMs) within the same network layer and utilize shared storage, aiming to address blockchain compatibility challenges."
Cytonic is compatible with most blockchains such as Bitcoin, Ethereum, and Solana, capable of processing different types of transactions in a single block. Its goal is to simplify on-chain interactions and reduce transaction fees and wait times when transferring assets across chains."