Layer 2 network Kinto has migrated to the Arbitrum ecosystem

2023-11-21 21:10:39BlockBeatsShare to:

ARB-3.07% ($1.0185)

BlockBeats news, on November 21, according to The Block, the Layer2 network Kinto has migrated to the Arbitrum ecosystem through the Arbitrum Nitro technology stack. This migration was carried out after changes in the structure of the Arbitrum Orbit chain ecosystem, which gave Arbitrum Greater autonomy for foundations in negotiating Layer 2 deployments. Kinto said it can support modern financial institutions and decentralized protocols by building Layer 2 that complies with KYC standards. It also aims to reduce the risk of DeFi vulnerabilities and provide built-in insurance for all smart contracts. BlockBeats previously reported that on November 15, Kinto completed US$3.5 million in financing. This round of financing was led by Kyber Capital Crypto, Spartan Group and Parafi, with participation from SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures. . In addition, Kinto said the project received $1.5 million in pre-seed investment from Kyber Capital Crypto earlier this year.

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Price	$1.018 USD	Price Change (24h)	-3.07%	Trading Volume (24h)	$221,246,900.91 USD
Market Cap	$2,635,096,414.37 USD	Circulating Supply	2,653,939,384	Max Supply:	--

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