Protocol Village: Kinetix Gets Strategic Investment to Build on Gnosis

Nov. 16: Kinetix Network, a decentralized platform for cross-chain trading, announced the close of a strategic funding round, a “seven-figure sum,” led by Factor and Gnosis Chain, to build on Gnosis Chain, a community-led EVM layer-1, according to the team: “This partnership empowers Kinetex to refine its groundbreaking trading approach to transferring liquidity between networks that eliminates the need to store assets in pools and leverages zero-knowledge (Zk) technology to achieve validation without relying on third parties…. Kinetex plans to launch its public testnet on Gnosis Chain early next year. Scheduled to last three months, the test phase is geared towards identifying bugs and refining the user experience.”

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