The Cryptocurrency Staking Symbiotic protocol has closed a 29 million dollar series of financing for the 29 million dollar investment companies that focus on the web 3, including Pantera Capital and Coinbase Ventures, to support the launch of a new economic coordination layer for Blockchain security.
The tour included more than 100 owners investors, with the participation of major industrial players including AAVE, Polygon and Starkware.
The closure of the financing round also represents the launch of the global framework of Symbiotic, which aims to be an economic coordination layer that enhances Blockchain security via Staking.
The new Staking layer allows the use of any group of cryptocurrencies to secure networks, Including the Stone Age and the standard Layer 1 And Layer-2 Blockchains, the advertisement.
“We have created a standard working framework that allows protocols to develop safety models over time with risk coordination efficiently,” said Misha Putinin, co -founder of Symbiotic, for CointeleGraph. “This enables the protocols of each stage of their life cycle to develop their security models smoothly without rebuilding the infrastructure.”
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“The next step” in Blockchain infrastructure
The new curtain layer is the “next step in Blockchain” due to the opening of “economic coordination between assets and networks that were previously impossible,” according to Paul Veradette, the administrative partner of Pantera Capital.
He added: “With the continued increase in the number and diversity of Onchain assets, Symbiotic allows them to easily serve as economic security while enabling new use cases completely via Defi.”
Blockchain networks that look forward to enhancing security can adopt a network of non -central auditors that bring “programmable safety” without the need to adjust the infrastructure.
According to the company, 14 networks, including Hyperlane and Spark and Divel, have already adopted the new coordination layer, where 20 others are expected to be followed.
The curtain layer allows “any protocol, including L1S, bridges, leaves, and even emerging sectors such as artificial intelligence or zero knowledge systems, the formation of its audit groups, incentive mechanisms and reduced conditions without rebuilding basic basic treatment.”
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Crypto needs more cooperative economic incentives: Hoskinson
Founder of Cardano Charles Hoskinson, Speaking at the Paris Blockchain 2025 WeekHe stressed the need for the cooperative economy in the encryption industry to counter the increasing competition from traditional technology companies that enter Blockchain space.
Crypto “The circular economyThis means that the collection of the specified cryptocurrency is enhanced by the money that comes out of another symbol, which limits the growth of the industry.
“The problem is currently, with the way we did in the coded currency space, is the distinctive symbol and the market structure is an essential aggressor. It is the amount of 0,” said Hoskinson. “Instead of choosing a battle, what you have to do is that you have to find the distinctive symbol and the market structure that allows you to be in a cooperative balance.”
“You cannot build a global ecosystem this way, and you cannot win this way,” he said. “Because this is the thing. My concern is much bigger.”
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