Drop Protocol Closes $4 Million Seed Round Led by CoinFund

Drop Protocol, a liquidity pledge protocol, announced the closing of a $4 million seed round led by CoinFund, with CMS Holdings, Anagram, Interop Ventures, Cosmostation , and Vasiliy Shapovalov, co-founder of Lido DAO, Vasiliy Shapovalov, co-founder of Lido DAO, Mustafa Al-Bassam, co-founder of Celestia Labs, and Jon Kol, CEO of Abacus Labs and a core contributor to Hyperlane, among other angel investors, with the new funds intended to be used to drive new economic possibilities in the Interchain.