Bybit-backed cross-chain memecoin launchpad Printr raises $4.5 million

Printr, the first project incubated by Bybit Venture Studio, has successfully raised $4.5 million in funding as it prepares for the official launch of its chain-abstracted token launchpad. Built using Axelar and LayerZero protocols, Printr allows creators to simultaneously launch memecoins on numerous blockchains like Base, BNB Chain, Ethereum, and Solana, aiming to solve fragmented liquidity issues common when creators must choose a single chain at launch. The funding includes a $2.5 million pre-seed round backed by investors like Axelar and Draper Dragon, and a $2 million seed extension including Mantle EcoFund and Mirana Ventures. Printr also offers a 90% revenue-share model to incentivize creators and traders, leveraging Bybit's reach to scale token creation.

(Source：The Block)