Neutron is About to Take Over the Cosmos with $10M in Funding

In short: Cosmos-based smart contract blockchain Neutron has raised $10 million in a seed funding round. Binance Labs and CoinFund co-led the round and were joined by investors including Delphi Ventures, LongHash and Nomad. The funding will be used to expand the Neutron smart contract platform, drive attention towards the Cosmos ecosystem and develop the Atom Economic Zone, an ecosystem on the Cosmos platform that will guarantee safety for users who transact across different blockchains and a "shared security model" to protect new development projects launched on the Cosmos Hub.

Our quick analysis:
The crypto fundraising environment may be tough, but it seems that Neutron is an exception. The Cosmos-based smart contract blockchain recently raised $10 million in a seed funding round co-led by Binance Labs and CoinFund, along with other investors like Delphi Ventures, LongHash, and Nomad.

Avril Dutheil, a Neutron core contributor, said that the funding will support the expansion of the platform, which includes a major technological and narrative shift. The plan is to provide cross-chain smart contract applications for the Cosmos network, which has over 50 interconnected blockchains. Moreover, Neutron will develop the Atom Economic Zone, a secure ecosystem for users to transact across different blockchains. They also plan to integrate the "Replicated Security" feature, which protects new projects launched on the Cosmos Hub using a shared security model.

While regulatory uncertainty looms, especially after recent developments with US federal regulators going after Binance and Coinbase, Neutron believes it has taken the necessary steps to stay out of trouble. Neutron tokens are not available to US investors on exchanges, and the team is operating within designated safe harbours.

With this fresh funding, Neutron is poised to become a pioneer in the smart contract space and will undoubtedly take over the Cosmos blockchain network. Keep an eye out for updates on their expansion and how they plan to change the blockchain game.

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The crypto fundraising environment may be tough, but it seems that Neutron is an exception. The Cosmos-based smart contract blockchain recently raised $10 million in a seed funding round co-led by Binance Labs and CoinFund, along with other investors like Delphi Ventures, LongHash, and Nomad.

Avril Dutheil, a Neutron core contributor, said that the funding will support the expansion of the platform, which includes a major technological and narrative shift. The plan is to provide cross-chain smart contract applications for the Cosmos network, which has over 50 interconnected blockchains. Moreover, Neutron will develop the Atom Economic Zone, a secure ecosystem for users to transact across different blockchains. They also plan to integrate the "Replicated Security" feature, which protects new projects launched on the Cosmos Hub using a shared security model.

While regulatory uncertainty looms, especially after recent developments with US federal regulators going after Binance and Coinbase, Neutron believes it has taken the necessary steps to stay out of trouble. Neutron tokens are not available to US investors on exchanges, and the team is operating within designated safe harbours.

With this fresh funding, Neutron is poised to become a pioneer in the smart contract space and will undoubtedly take over the Cosmos blockchain network. Keep an eye out for updates on their expansion and how they plan to change the blockchain game.