The financing was carried out through a simple agreement on the future sale of tokens, in which the token was valued at $ 30 million, the co-founder of the firm, Shane Qiu, told The Block. Participants include Hashkey Capital, KR1, Continue Capital, Symbolic Capital, Information Systems, Dora Ventures, Charles Lu, Harry Halpin, Eric Chen, Mirza Uddin, Siddhartha Dutta and Vincent Nu.

Side Labs intends to use the fundraising to expand its team and ensure compliance with legal norms and compliance standards when creating the Mesh Liquidity Network, which aims to eliminate bridges and intermediate tokens for the exchange of assets between blockchains through a network of liquidity centers.