Master Protocol Secures Angel and Partial Seed Funding, Valued at $25 Million

April 7, 2024

We are overjoyed to announce that Master Protocol, the pioneering multi-chain re-staking protocol, has successfully closed its angel and partial seed funding rounds, with a remarkable valuation of $25 million. This funding round saw significant contributions from leading investors in the blockchain and cryptocurrency spaces, including Cogitent Ventures, Token Metrics, CSP DAO, and FounderHeads, among others.

About Master Protocol: Game-changer of the LSD Market

Master Protocol aims to deliver unparalleled solutions in the multi-chain ecosystem to the Liquid Staking Derivatives (LSD) market. Our protocol is distinct for its ability to issue LRT derivatives and offer Native DeFi products, positioning us as a key player in the decentralized finance sector. With a sharp focus on expanding the Bitcoin ecosystem, including Bitcoin Layer 2 and sidechains, Master Protocol is setting new standards for liquidity, security, and decentralized governance in blockchain technology.

Funding to Fuel Growth and Innovation

The successful funding rounds empower us to further our mission in several critical ways:

• Enhancing Multi-Chain Ecosystems: The investment enables us to deepen our focus on the Bitcoin L2 and sidechain ecosystems, expanding our footprint in the DeFi space.

• Launching Innovative Products: The funds will be utilized to roll out our Genesis NFT Pass activity, among other pioneering Native DeFi products and LRT derivatives.

• Fostering Community and Ecosystem Development: With our investors’ support, we are poised to strengthen our community engagement and continue building a robust ecosystem around Master Protocol.

Looking Ahead: A Future Filled with Possibilities

This funding not only validates our vision and strategy but also accelerates our journey towards creating a more interconnected and efficient blockchain ecosystem. As we look forward to an exciting future, we remain committed to driving innovation, fostering an inclusive community, and delivering exceptional value to our users and stakeholders.

Stay connected with Master Protocol for the latest updates and join us on this remarkable journey to redefine the landscape of decentralized finance.