
Reservoir, an NFT company that has evolved into a token trading infrastructure provider, has raised $14 million in a Series A funding round led by Union Square Ventures. The funding aims to expand Reservoir's capabilities in token trading across multiple blockchains. Reservoir, which initially provided infrastructure for NFTs, has tackled blockchain fragmentation through its Relay protocol, which facilitates seamless transactions across any blockchain. The company has reported over $500 million in monthly cross-chain volume. Reservoir's approach to being 'every chain' rather than just 'multi-chain' is deeply integrated into its product design, and this strategy is beginning to show results. Reservoir launched its bridge protocol last year.
By working with @limitbreak on Payment Processor, @reservoir0x helped restore creator rights at a critical time. This played a key role in @MagicEden and @yugalabs launching a royalty-enforced EVM marketplace. That success led @opensea to adopt 721-C across its marketplace and… https://t.co/0QMrZXoAX7 https://t.co/cVpxWWu0Nn
Nice works @FireblocksHQ on continuing to improve the UX for your Solana users! While Solana protocol still has lots of room to run and improve, it's not enough that the network alone can handle tremendous demand. Surrounding third-party infra providers such as Fireblocks,…
Well deserved. Relay is the best cross-chain UX product live right now ⚡ https://t.co/MxfmartVz9



