Layer-1 blockchain Cytonic completes $8.30 million seed round financing

Layer-1 blockchain Cytonic announced the completion of a $8.30 million seed round, co-led by Lemniscap and Lattice. The Cytonic blockchain, developed by MultiVM Labs, is the first Layer-1 to use shared storage to run multiple VMs within the same network layer. It is designed to solve the blockchain compatibility problem and is compatible with most blockchains such as Bitcoin, Ethereum and Solana.