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Nomad

Nomad

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TVL: $925K

Nomad

Nomad is a security-first cross-chain messaging protocol that leverages an optimistic mechanism, requiring only one honest actor to keep the entire system safe. It allows off-chain watchers to challenge messages via fraud proofs without relying on custodians or validators. The protocol is designed to be gas-efficient, reducing fees by a factor of 10x compared to traditional systems, and extensible, allowing for quick deployment on any smart contract chain. For users, it offers a token bridge for ERC-20 tokens across EVM chains, promising high security, low cost, and fast bridging. For developers, Nomad provides generalized message passing channels to pass arbitrary data and invoke smart contract functions between chains, enabling the creation of natively cross-chain applications via its SDK.
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Funding Rounds

Funding Round: Seed
Funding Date: 12 Apr, 2022
Raised Amount: $22M

Investors