Entangle Secures Strategic Investment from Consensys

Strategic Investment Boost

Web3 infrastructure provider Entangle has successfully secured a strategic investment from Consensys, raising its total funding to $4 million. This investment will bolster Entangle's efforts to develop its interoperable omnichain messaging and liquidity infrastructure.

Building the Linea Ecosystem

Consensys' investment is part of its Linea Ecosystem Alliance, which includes support from prominent VCs like Amber, Animoca Brands, and Electric Capital. Entangle is actively collaborating with Linea to integrate products such as Photon Messaging, Universal Data Feeds, and Liquid Vaults. This integration aims to enhance liquidity sharing among DEXes and improve pricing for users.

Entangle Mainnet and Community Engagement

The Entangle mainnet is slated for an April launch, backed by a strong community of 250,000 testnet users who have completed 1.5 million transactions. This engagement allows developers to evaluate network performance before the mainnet deployment.

Interoperable Applications and Messaging Protocol

Entangle supports a range of interoperable applications that leverage liquidity and data from multiple chains. A proprietary messaging protocol facilitates seamless data and asset transfers between chains. Photon enables communication between EVM and non-EVM chains, driving use cases like omnichain assets and trustless bridges.

Expanding Ecosystem and Token Launch

Entangle's ecosystem features over 75 integrations and partnerships, connecting to 16 blockchains. More than 42 dapps have integrated with Entangle, positioning it to deliver omnichain data across various networks. The recent launch of Entangle's $NGL token on platforms like Bybit and KuCoin saw significant trading volumes, reflecting strong market demand.

Entangle continues to innovate within the web3 landscape, providing builders and dapps with a customizable and secure messaging infrastructure that optimizes ecosystem liquidity.