Layer 2 project Enphyr completes US$1 million in seed round financing, led by Waveslab Ventures

Layer 2 solution Enphyr has raised $1 million in a recent seed funding round, valuing the company at $10 million. This round of financing was led by Waveslab Ventures, with participation from a number of important private investors. Enphyr said the funds will be used to expand the team, explore strategic partnerships, and strengthen engineering projects to accelerate the realization of more application scenarios for its protocol infrastructure. Enphyr aims to leverage Ethereum’s security to build next-generation applications. (globenewswire)