Wormhole is the leading interoperability platform that empowers development and growth across blockchains. Wormhole provides developers access to liquidity and users on over 20 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.

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In addition to the $225 million raise, the team behind Wormhole announced the formation of the new company Wormhole Labs, which will help develop the protocol. Badreg declined to disclose how much of the $225 million will be split between Wormhole Labs and Wormhole Foundation, another entity created in 2021 to encourage developers to use the protocol.

Wormhole

Wormhole enables a growing suite of products built around the foundational Wormhole Messaging protocol.

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