Stripchain’s funding round included investors such as Sora Ventures, Hyperithm, Shima Capital, Mechanism and several crypto angel backers.
User experience (UX) continues to be a big challenge in the crypto industry, posing a barrier to adoption across different generations. For many crypto users, the ability to perform on-chain transactions without worrying about which network is used would be a valuable UX upgrade — and some crypto startups want to answer this call.
The idea that users should not realize when using blockchain, or chain abstraction, is one of the promises for a better Web3 experience. This concept drives Stripchain, an interoperability protocol that recently raised $10 million to enable chain abstraction at scale.
“Just like we don’t care about the back end system of Netflix, we should not care about the back end system of a decentralized application,” pseudonymous researcher "0xnovachrono," leading the protocol alongside Isa Sertkaya and Narayana Pryusty, told Cointelegraph.
