Blockchain infrastructure maven, ENSO, has triumphantly secured $4.2 million in a funding round steered by an assemblage of esteemed crypto venture capital firms.

This substantial financial boost will underpin the enhancement of ENSO’s platform, amplify its burgeoning community, and expedite the inauguration of its Cosmos-based Layer 1 blockchain, slated for later this annum.

Among the contributors to this funding round were Ideo Ventures, Hypersphere, and an impressive array of over 60 angel investors hailing from notable entities such as Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, and Dune.

ENSO, heralded as the connective tissue of the crypto realm, boasts of its platform facilitating over $11 billion in on-chain settlements throughout 2023, supporting more than 35 projects currently operational. The company envisions augmenting its infrastructural prowess and fostering broader adoption within the decentralized finance (DeFi) ecosystem and blockchain applications.

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“We’re elated to garner the backing of Ideo Ventures, Hypersphere, and a distinguished consortium of angels as we venture into our next growth chapter,” expressed Connor Howe of ENSO.

“This funding corroborates our vision to metamorphose blockchain interactions and highlights the trust in our technology from both institutional financiers and angel investors involved.”

ENSO enables developers to engage with a singular source that abstracts the intricacies associated with smart contract operations. This is realized through a unified network state that meticulously stores and orchestrates all smart contract interactions across blockchains, rollups, and rollapps for seamless execution.

Prior to the advent of ENSO, developers were compelled to manually integrate blockchain frameworks, craft smart contracts for inter-contract communication, decipher each contract’s idiosyncrasies, and construct bespoke infrastructure to sustain these integrations.

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This cumbersome process was fraught with potential for error, demanded significant time investment, and necessitated profound comprehension of the underlying blockchain framework where the smart contracts resided.

By converting user requests into intents and meticulously mapping every smart contract interaction along with their interrelationships, ENSO intrinsically interlinks the entirety of the crypto ecosystem into a singular, cohesive platform, rendering it effortlessly navigable for both users and developers.