Fast take:
Omega will use the funds to construct a bridgeless answer for cross-chain communications.
The corporate is seeking to make it simpler for builders to launch decentralised apps on Bitcoin.
Bankless VC, Blockchain.com, XBT Group, Humla Ventures, and Kronos Analysis additionally joined the spherical.
Decentralised infrastructure platform Omega has emerged from stealth with a $6 million fundraising backed by Lightspeed Faction, Borderless Capital, Blockchain Founders Fund, Bankless VC, Blockchain.com, XBT Group, Humla Ventures, Kronos Analysis, Psalion VC, and Wave Digital, amongst others.
Omega is constructing a decentralised finance infrastructure platform that enables builders to launch decentralised apps with out utilizing cross-chain bridges.
The corporate commented on the fundraising through a thread shared on Omega’s official X account: “Omega strives to create decentralised infrastructure that may redefine omnichain & Bitcoin DeFi. Quickly idle belongings, like Bitcoin, might be lastly unlocked to be utilized throughout DeFi DApps with out the necessity to work together with bridges, wrappers or L2’s, in a decentralized & composable method.”
Omega additionally boasts backing from widespread angel buyers together with SpiritDAO, GMoney, Shiliang Tang, Jason Yanowitz, Mooncat, Popcorn Kirby, and RektMando, amongst others.
The corporate has teamed up with cross-chain interoperability protocol LayerZero, USDC issuer Circle, self-custody pockets supplier Bitget, decentralised finance options supplier Injective, and cross-chain messaging platform Wormhole to deliver its bridgeless DeFi infrastructure to life.
Commenting on its portfolio of companions, Omega wrote: “We’re proud to have the chance to work with cutting-edge companions as we resolve for scalability, safety & liquidity fragmentation all through the trade.”
Scalability and interoperability have been a number of the largest challenges going through Web3 builders, with some initiatives constructed for particular networks.
Nevertheless, Omega believes its platform may assist redefine the trade together with “utility for native layer-1 Bitcoin and different digital belongings.”
“We don’t consider the long run might be restricted by one single community or centralized safety dangers of Bitcoin L2’s,” the corporate wrote.
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