A decentralized communication layer for the crypto space Ethereum Push Notification Service (EPNS), has raised $10.1 million in a Series A funding round to expand its Web3 messaging capabilities. According to the announcement, the Series A puts the project’s valuation at about $131 million.
EPNS plans to use the funding from Series A to expand the team, grow the user base, and develop beyond the Ethereum ecosystem. The goal is to align these initiatives with its vision of a multi-chain, interoperable decentralized future.
With a robust team, resources, and tech implementations, ESPN intends to advance the protocol, build wallet to wallet communication in Web3, and enable developers and wallets alike to integrate the protocols seamlessly.
Jump Crypto, a cryptocurrency infrastructure outfit led the funding round with participation from ParaFi, Tiger Global, Polygon Studios, and Wintermute. Other investors included Harmony Foundation, Sino Global Capital, and Zebpay, among others.
Currently, EPNS is testing multichain notifs on Polygon testnet. With a true multi-chain experience, users can receive communication from any other network where EPNS is deployed irrespective of what network they’re on (Ethereum, Polygon, or Solana), as per Richa Joshi, EPNS co-founder.
EPNS is a Web3 communication protocol that aims to enable on-chain communication. The project assists users to receive push notifications for alerts like Ethereum Naming Service (ENS) domain expiration, vault liquidation on Oasis and several other on-chain snapshots.
Recently, leading decentralized cryptocurrency exchange Uniswap has launched a new venture division focusing on Web3 projects. The newly formed venture unit will invest in companies across various stages and areas within web3. Another crypto exchange FTX also announced the formation of FTX ventures to focus on Web3 technology.
With many firms and institutions hopping on board to advance their Web3 capabilities, EPNS also is ready to move into the next phase of the EPNS protocol and the improvement of Web3.
