PANews reported on October 21st that The Block reported that Printr, the first project incubated and supported by Bybit Venture Studio, has secured $4.5 million in funding as the startup prepares to officially launch its chain-abstract token Launchpad platform. Of this, $2.5 million came from a pre-seed round of funding backed by Axelar, Sui Foundation, Flow Blockchain, Draper Dragon, and Bitscale Capital, while an additional $2 million came from an extended seed round of funding from Mantle EcoFund, Mirana Ventures, L1D, Sfermion, Flowdesk, and well-known angel investors.

Printr is built on cross-chain communication protocols such as Axelar and LayerZero, enabling users to simultaneously issue Meme tokens on multiple blockchains, including Base, BNB Chain, Ethereum, Mantle, and Solana. The project aims to address liquidity fragmentation and help token creators access a diverse crypto ecosystem.