According to Odaily Planet Daily, the multi-chain re-staking agreement Master Protocol announced the completion of angel and partial seed round financing, with a valuation of US$25 million. Cogitent Venture, Token Metrics, CSP DAO, FounderHeads and others participated in the investment.

Master Protocol focuses on the LSD market and deploys a multi-chain ecosystem, with features such as LRT derivatives issuance and Native DeFi products. Next, the protocol will focus on the development of Bitcoin L2, Bitcoin sidechains, and will soon launch the Genesis NFT Pass event.