Web3 product development studio Pontem has completed a $6 million financing, with Faction and Lightspeed Venture Partners co-leading, and Pantera Capital, Aptos Foundation, Wintermute, Altonomy, Shima Capital, and Kraken Ventures participating. Pontem plans to use this funding to build applications that are compatible with both the Ethereum Virtual Machine and Move, thereby expanding the use of the Move programming language beyond the Aptos and Sui blockchains. The latest round of financing brings Pontem's total financing to $10.5 million. Previously, in June 2021, Pontem completed a $4.5 million financing through private token sales. (The Block)
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