ENSO, the groundbreaking intent engine powering chain abstraction, announces the successful conclusion of its latest funding round, securing $4.2 million to drive forward its technological advancements and the imminent launch of its native L1 platform within the Cosmos (ATOM) ecosystem. The funding round was enthusiastically backed by prominent venture capital firms including Ideo Ventures and Hypersphere, alongside a robust consortium of over sixty influential angel investors.

In an official statement, ENSO Network highlighted the strategic significance of this funding milestone, emphasizing its role in accelerating the development of transformative blockchain technologies. The protocol's recent achievements underscore its pivotal position in the market, having facilitated over $11 billion in on-chain settlements over the past year alone, serving more than 35 active projects.

Connor Howe, CEO of ENSO, expressed confidence in the impact of this funding on the broader multi-chain ecosystem, particularly within the decentralized finance (DeFi) sector. "We're excited to welcome support from Ideo Ventures, Hypersphere, and a diverse group of visionary angels as we embark on the next phase of our growth," Howe stated. "This funding validates our mission to revolutionize blockchain interactions and underscores the trust in our technology from institutional backers and our angel investors alike."

ENSO Network, known as the connectivity layer of crypto, aims to unify disparate blockchain ecosystems into a seamless network, enabling developers and users to articulate their desired outcomes effortlessly. This approach fosters the creation of highly interoperable applications without the need for extensive manual integrations. As a leader in blockchain infrastructure, ENSO continues to enhance its capabilities to support widespread adoption across DeFi and various blockchain applications.

Previously backed by prestigious VCs such as Polychain Capital and Mechanism Capital, ENSO stands at the forefront of blockchain innovation, facilitating efficient and secure on-chain transactions critical for the evolving landscape of decentralized finance.