American Ventures LLC, of which Dominari is a member, made an undisclosed investment in the Hemispheres Foundation, the principal stewards of the Hemi project.
The Jeff Garzik–backed network adds fresh funding as it pushes to merge Bitcoin’s security with Ethereum’s flexibility for DeFi applications.
Hemi Labs has signed up dozens of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.
The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges.