Drop Protocol, a liquid staking protocol for interchain assets, announced the successful closing of a $4 million seed funding round led by CoinFund, with additional investments from CMS Holdings, Anagram, Interop Ventures, and Cosmostation. Notable angel investors include Vasiliy Shapovalov, Mustafa Al-Bassam, and Jon Kol. The Drop team is composed of experienced contributors in the blockchain space, and the protocol is designed as an integrated application on Neutron, part of the Cosmos ecosystem. The article also touches on updates from various blockchain projects, including Ethereum compatibility layers launched by the Opentensor Foundation, a new yield-optimized Bitcoin token, and initiatives to support the memecoin ecosystem on BNB Chain. These developments illustrate the continuous innovation within the crypto space, with growing support from venture capital and strategic partnerships across various networks.

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