Socket is a protocol designed to enable secure, efficient, and seamless interoperability between blockchains. It facilitates cross-chain communication, allowing assets and data to be transferred across various blockchain networks. The protocol supports a range of decentralized applications (dApps) by providing tools that integrate cross-chain capabilities, ensuring a unified experience for users. Socket emphasizes security, scalability, and decentralization, aiming to enhance the functionality and connectivity of the blockchain ecosystem.

The fundraise comes as interoperability solutions, such as LayerZero, have garnered the attention of investors, who view bridging as an important feature for the future of blockchains.&nbsp;The new capital will expand Socket’s work with Coinbase, including providing bridging opportunities for developers and users of Coinbase Wallet and Base, the company’s new layer-2 network atop Ethereum.

Socket

Socket is an interoperability protocol for data and asset transfers across chains.

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