Evmos has raised over $27 millions to expand in Development of Decentralized Applications(EVM)!

r/EVMOS a cross-chain decentralized app platform linking Ethereum and Cosmos, raised $27 million in a token sale.

Launched in April, Evmos aims to position itself as a leading Cosmos-based blockchain that offers compatibility with Ethereum via Ethereum Virtual Machine (EVM), a computing environment used by Ethereum developers. Tharsis hopes EVM will make Evmos more appealing to Ethereum developers.

The funding will go toward hiring more engineers, developing partnerships and building out the Evmos ecosystem of interoperable decentralized applications (dapps).

Other participants in the round included Galaxy Digital, Huobi, HashKey Capital, Coinbase Ventures, Circle Ventures, Asymmetric and a number of Web3-linked angel investors.

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