Coinbase-backed Symbiotic launches ‘Relay’ for trustless multichain staking and consensus

Relay facilitates stake alignment across different networks and tokens, marking a significant milestone in multichain capabilities. It simplifies creating dApps and allows secure outcomes without trust issues, transforming how blockchain projects interact.

The launch of Relay is reinforced by a substantial funding round of 29 million USD from Coinbase Ventures and other key investors, aiding the development of a unified and secure crypto ecosystem.

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