Wormhole Partners with Infinex for Multichain DeFi Infrastructure, Raises $65M Through NFT Sale
Infinex and Wormhole have joined forces to revolutionize multichain DeFi infrastructure, marking a significant leap in decentralized finance (DeFi) by improving accessibility and interoperability across blockchain networks. Infinex, founded by Kain Warwick of Synthetix fame, aims to simplify the complexities of DeFi, and this partnership with Wormhole strengthens its mission by enabling seamless interactions across multiple blockchains.
Wormhole is a leading interoperability platform that connects over 30 blockchain networks, facilitating secure messaging and asset transfers. Its integration with Infinex, which includes features like Wormhole Connect for in-app token transfers, will allow Infinex users to move assets effortlessly between different chains. Additionally, Wormhole Queries will bolster security and recovery mechanisms, ensuring users can recover assets on non-Base EVM chains.
To fund this ambitious expansion, Infinex raised $65.3 million through an NFT sale, offering “Patron NFTs” in a range of pricing tiers. This innovative funding approach attracted both retail investors and venture capitalists, reflecting strong confidence in Infinex's vision. The funds will be used to further develop its multichain infrastructure and enhance its presence in the DeFi ecosystem.
This partnership between Infinex and Wormhole sets a new benchmark for interoperability in DeFi, offering a more user-friendly and efficient platform for decentralized finance applications. As they continue to integrate and innovate, both companies are well-positioned to lead the next wave of multichain DeFi solutions.
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