Cygnus has successfully closed a $20 million pre-seed funding round with participation from Manifold, OKX Ventures, Mirana Ventures, and Optimism Retro Funding. This move enables Cygnus to offer any blockchain the ability to customize its staking network and ensure shared security.

Moreover, Cygnus is developing a Web3 Instagram-like application layer. This platform aims to power the creator economy by integrating both on-chain and off-chain assets.