SpaceM, a company under Musk, has participated in the latest round of financing for the Dante Network project, led by Kvanace Technology Foundation LTD.

Dante Network is a Web3-based multi-ecosystem system collaboration middleware that helps achieve interoperability between different blockchains in Web3, just like "Internet protocol" connects every computer in Web2. In the future, Web3 users can easily call different abilities and resources of different chains through Dante Network to jointly build the Web3 world. Compared with many existing cross-chain solutions, Dante provides deeper smart contract interoperability, more comprehensive security, more flexible adaptability to application scenarios, and better scalability.

Dante Network's solution has won the hackathon championship of the cross-chain ecology leader Polkadot and awards from Avalanche, Near hackathons. In addition, its open source code and algorithm have also won grants from Web3 Foundation, Flow, Near and other ecosystems.

This financing will be used for further development and improvement of Dante Network to better support future multi-chain ecosystems, greatly improving the carrying capacity of Web3 infrastructure by combining abilities or resources from different chains, or even off-chain computing and storage resources, to meet increasingly complex and sophisticated application needs.