Decentralized cross-chain asset management platform Mycel completes seed round financing, with participation from CV Labs and others.

Decentralized cross-chain asset management platform Mycel announced the completion of its seed round financing on X platform, with participation from CV Labs, FLICKSHOT, gumi Cryptos Capital, Arriba Studio, double jump.tokyo Inc., Incubate Fund, Scott Moore, and Gavin Birch. The specific amount has not been disclosed. Mycel provides infrastructure for cross-chain settlements, utilizing Transferable Accounts (TAs) to connect and synchronize state machines, aiming to accelerate the optimization of token market prices.