Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability

Lit aims to give individuals agency within Web3 ecosystems by giving users a private key that is interoperable across decentralized finance (DeFi), decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) on Ethereum Virtual Machine (EVM), Cosmos and Solana chains. Lit protocol founder David Sneider said users will have greater security and autonomy over their data and digital assets.