We are delighted to announce our strategic investment in Entangle, a best-in-class infrastructure protocol that integrates composable yield assets with refinancing markets. This investment underscores our commitment to supporting innovative solutions that are pivotal to the evolution of Web3.
Entangle unifies Web3. Its first-of-its-kind messaging infrastructure represents a significant shift. It empowers developers to construct bespoke data conduits, accommodating both on-chain and off-chain data. This feature is instrumental in ensuring robust and secure communication across smart contracts, irrespective of the blockchain or data source. We believe this breakthrough in cross-chain messaging, featuring adjustable security parameters, positions Entangle as a leader in the data availability stack.
Supporting over 13 blockchain networks for cross-chain communication, Entangle will integrate with more than 50 DApps, demonstrating the potential for universal data connectivity. Entangle's partnerships are as impressive as its technology. Collaborations with leading ecosystems such as Mantle, Aave, Polygon, SEI, Arbitrum, among others, underscore Entangle's unwavering commitment to forging a cohesive and unified Web3 communication framework.
As Philipp Zimmerer, Partner at Faculty Group, said about the investment:
“Entangle represents a true step forward for interoperability. At Faculty Group, we are deeply involved with many emergent protocols and have seen the new possibilities Entangle's products enable first-hand. We are excited to help Faisal and his team build infrastructure that can lift entire sectors of the blockchain industry to a new level.”
As part of our investment thesis, we believe the Data Availability Stack is on the cusp of significant growth in 2024. Our investment in Entangle reflects our commitment to being at the forefront of cross-chain innovation and supporting best-in-class projects and founders. At Faculty Group, we continuously explore new narratives and investment opportunities in our search for the best regardless of chain or layer, that align with our vision for 2024 and beyond.