Atom Accelerator DAO and Cosmos Hub venture investment in Union Labs
Amount Invested: $250,000
Status: In Progress

Union Labs

Union is a cutting-edge modular interoperability layer designed to eliminate blockchain fragmentation and power seamless, trustless transfers of assets across Web3. Union’s mission aligns closely with our commitment to advancing the Cosmos ecosystem by fostering decentralized solutions that enhance blockchain connectivity and scalability.

Union addresses one of blockchain’s biggest challenges: interoperability. Current solutions often rely on centralized intermediaries, creating security risks and inefficiencies. Union leverages zero-knowledge proofs (ZKPs) to enable decentralized, trustless, and efficient bridging across ecosystems. With its scalable, hub-and-spoke model, Union can connect thousands of chains, including Cosmos, Ethereum, Polygon, and Solana, while maintaining security and decentralization.

Union’s innovation extends beyond bridging assets—it aims to create a modular framework that reduces fragmentation, unlocks liquidity, and drives composability across both EVM and non-EVM chains. Its optimized ZK proofs achieve verification in just seven seconds, offering rapid transaction speeds, minimal gas fees, and permissionless connections.

On behalf of the Cosmos Hub, Atom Accelerator DAO contributed $250k in Union’s  Series A, which raised $12 million. The round was led by Gumi Cryptos Capital and Longhash Ventures, with participation from many top venture firms and blockchain founders.

Cosmos Hub’s investment in Union Labs not only supports Union’s vision but also strengthens the Cosmos ecosystem by enabling seamless cross-chain interoperability, a critical component for the future of appchains and rollups. For Cosmos Hub and the Atom Economic Zone (AEZ), Union represents a significant opportunity to scale interoperability with other ecosystems, and allows for the Cosmos Hub Community Pool to accrue value as cross-ecosystem transfers grow.

Jordan Andrews, Ventures Lead at Atom Accelerator:

“Union’s approach will be pivotal in driving the next wave of blockchain innovation, and we’re proud to back them as they transform the future of asset transfers in a multi-chain world.

We also hope that with this funding, that the Union team can buy their founder a shirt.”

With mainnet launch on the horizon, Union’s trajectory signals a game-changing future for blockchain interoperability. We proudly support this vision and look forward to seeing Union bridge the gaps in the Web3 ecosystem.

About Union Labs
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Union is the first modular interoperability layer pioneering trustless bridging between appchains, L1s, and L2s. Built to future-proof blockchain bridging with its unique consensus framework and flagship product, ETH to IBC.

Team: Union Labs
Current Status: In Progress
Funding Program: Ventures

Amount Invested: $250,000
Amount Paid: $250,427 (100%)

Terms Drafted: Date when we first drafted high-level terms. By this point, we would have completed some due diligence on this project. We consider this to be the 'Date Applied' for Venture Investments Apr 05, 2024
Date Signed: Date when the investment agreement was finalized and signed, after completing the requisite due diligence. Jul 10, 2024 (13 weeks)
Fully Vested (estimated): The date when we expect our tokens/equity to be fully vested. The date displayed here may not neccesarily be correct. Dec 31, 2026

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $123 (Aug'24) $10,304 (Aug'24) $100,000 (Aug'24) $140,000 (Aug'24)

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