Infinex, a newly launched platform that aims to make it easier for DeFi applications to run across multiple blockchains, has selected Wormhole as its premier multi-chain infrastructure provider. Founded by Kain WARWICK, the creator of Synthetix, Infinex offers a simplified interface that aims to abstract many of the complexities associated with using DeFi protocols across multiple blockchains, such as managing multiple wallets, paying gas costs and the use of cross-chain bridges. The total locked value is over $125 million.
The partnership marks the start of a deep, multi-faceted collaboration, with more integrations in the works and additional features to be rolled out in the coming months. Wormhole’s interoperability platform connects more than 30 blockchains, while Infinex’s platform currently supports six: Ethereum and its Layer 2 chains Polygon, Base, Optimism and Arbitrum, as well as Solana.
Infinex recently raised $65.3 million from a “Patron NFT” sale, selling 41,252 NFTs in four waves of sales to retailers, venture capitalists like Solana Ventures and Breyer Capital, and high-profile individuals like Solana founder Anatoly YAKOVENKO and Aave founder Stani KULECHOV. The Patron NFTs were available in three tiers, with prices of $1,250, $3,000, and $5,000. The cheaper options took longer to unlock for trading, while the highest tier options were immediately available for trading.
Image: The Crypto Times