DGAP-News: Composable Finance, an Advanced Blockchain investment, now has a 350 million dollar valuation of its LAYR token after officially securing a Polkadot Parachain
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Friday, January 14, 2022
Composable Finance, an Advanced Blockchain investment, now has an implied 350 million dollar valuation of its LAYR token after officially securing a Polkadot Parachain.
Key Points:
- Composable Finance, an Advanced Blockchain investment, now has an implied 350 million dollar valuation of its LAYR token after officially securing a Polkadot Parachain.
- Advanced Blockchain was amongst the first investors in Polkadot's seed round, enabling cross-chain communication in blockchain since late 2017.
- Now the venture studio arm of Advanced Blockchain operates as a leading incubator of projects building on top of the Polkadot ecosystem, such as Composable.
- Composable is now one of 11 Parachains connected to Polkadot, whose users will all have access to the Composable Technology.