Protocol Village: Cytonic, Layer-1 Chain With 'MultiVM' Design, Raises $8.3M in Seed Round

Cytonic , a layer-1 blockchain known as "MultiVM" designed to be open to all technologies used in Web3, has closed its $8.3 million seed round, co-led by Lemniscap and Lattice. According to the team: "Developed by MultiVM Labs, Cytonic is the first layer 1 that runs multiple VM's within the same network layer using shared storage, addressing blockchain compatibility challenges. Cytonic is compatible with most blockchains like Bitcoin, Ethereum, and Solana, enabling different transaction types to be processed together in a single block. The goal is make on-chain interactions easier...