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The decentralized cross-chain trading platform Kinetix Network completed "seven-digit" strategic financing, with Factor and Gnosis Chain leading the investment

Decentralized cross-chain trading platform Kinetix Network announced the completion of a strategic financing round led by Factor and Gnosis Chain, with a financing amount in the "seven figures". The team stated that this partnership enables Kinetex to perfect its groundbreaking trading method to transfer liquidity between networks without storing assets in pools and using zero-knowledge (Zk) technology to achieve verification without relying on third parties. Kinetex plans to launch its public testnet on Gnosis Chain early next year. The testing phase is expected to last for three months, with the aim of identifying errors and improving user experience.

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