Blockchain startup Predicate announces $7 million in financing, with 1kx and others participating

Blockchain startup Predicate has announced the completion of a $7 million financing round, with investors including top venture capital firms Tribe and 1kx. The company was founded by two former employees of the blockchain project Celo, with the aim of helping cryptocurrency companies better comply with regulatory requirements. The company's solution will be provided on the Ethereum and EVM-compatible chains, with plans to expand to other blockchains in the future. Predicate is also collaborating with the recently completed token issuance heavy pledge network EigenLayer to develop an operator community that deploys Predicate technology using proof of stake systems.