• The Ethereum Push Notification Service raises $10 million at a valuation of $131 million

  • The lack of cross-blockchain connectivity is a major source of frustration in the crypto user experience (UX). Ethereum Push Notification Service (EPNS), a communication protocol aiming to overcome this challenge, has raised $10.1 million in a Series A fundraising round valued at $131 million.

    Jump Capital led the round, which also included Tiger Global, ParaFi, Sino Global Capital, Polygon Studios, and Harmony Foundation.

    The EPNS protocol allows for on-chain communication as well as permissionless channel notifications and subscriptions. EPNS relies on a user’s on-chain identifier to connect instead of usernames like Discord or Twitter. EPNS claims that since its inception in January, the protocol has driven four million notifications issued to over 44,000 members.

    “We have a very ambitious aim to reach a million users,” said EPNS founder Harsh Rajat in an interview.

    EPNS now offers on-chain notifications for media alerts, Ethereum Naming Service (ENS) domain expirations, Snapshot governance updates, and Oasis vault liquidation, among other services.

    EPNS plans to use the funds to expand its team and build on blockchains other than Ethereum. According to Rajat, the protocol is already in testnet on Polygon and will be available on Binance, Harmony, and an unidentified non-Ethereum Virtual Machine (EVM) compatible chain by the end of the year. In addition, the company intends to deploy wallet-to-wallet communication in the third quarter.

    “Any user on any blockchain should be able to receive a notification from any other service they use on any blockchain,” Rajat said.

    “As a Web 3 power user, Sino Global Capital has the challenge of monitoring many DeFi, gaming, and governance platforms and initiatives,” Sino Global Capital CEO Matthew Graham said in a statement. “EPNS eliminates a significant pain point for us and other Web 3 product users by creating and combining notifications into a simple dashboard with outstanding UI/UX.”

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